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The ITFC has signed a USD 10 million Line of Trade Finance Agreement with PJSCB Orient Finans to support private sector and SME development in Uzbekistan.
ITFC, PJSCB Orient Finans, SMEs, supply chain finance, trade finance, SCF, Uzbekistan, IsDB, OIC member
Uzbekistan, People’s Bank, Finastra, risk management business, fintech, Fusion Risk, automation, FinExtra Group, Neoflex, single point of control, user experience, ALM, FTP, IFRS 9, Basel II, Basel III
The president of Uzbekistan has announced planning to reform the banking system and sell off state shares in six Uzbek banks.
Uzbekistan, banking, Ipoteka Bank, Uzpromstroybank, Asaka Bank, Alokabank, Qishloq Qurilish Bank, Turonbank, National Bank for Foreign Economic Affairs, Agrobank, Microcreditbank, financial, loans
Uzbekistan has updated its regulations regarding payments systems, to clarify whether companies need to be licensed for providing payment services in the country.
Uzbekistan, Central Bank of Uzbekistan, Rules on the Issuance and Circulation of Electronic Money, e-money, electronic money, online payments, payments regulation
The UK-based fintech business Paysend has launched global money transfers to Uzbekistan, thus expanding its worldwide footprint for its Global Transfers service.
Paysend, launch, money transfers, Uzbekistan, UK, fintech, online transfers
The global system WebMoney Transfer has announced its market entry to Uzbekistan and introduced a WMY wallet in Uzbekistan Som (UZS).
WebMoney Transfer, Uzbekistan, launch, WMY wallet, cashless payments, QR code