DIGITALIZATION OF THE FINANCE AND FINANCIAL TECHNOLOGY SYSTEM IN UZBEKISTAN: PROSPECTS AND CHALLENGES

Authors

  • Abdurashidov Abdulatif Abdushoxid o‘g‘li 1st-year Student, Evening Department Finance and Financial Technologies University of Science and Technologies Tel: +998 (50) 076 07 12 E-mail: asa071207@mail.ru Author

Keywords:

: Digital finance, FinTech, banking system, blockchain, artificial intelligence, transformation, payment systems, cashless economy, Uzbekistan.

Abstract

This article provides a comprehensive analysis of the digitalization processes within the finance and financial technology (FinTech) system under the current economic conditions of the Republic of Uzbekistan. The author examines the transformation of the banking and financial sector, the implementation of digital economy platforms, and the expansion of cashless payments. The paper highlights the regulatory framework of the industry, the application of artificial intelligence and blockchain technologies, existing institutional challenges, and strategic prospects aimed at improving the overall ecosystem.

References

1. Decree of the President of the Republic of Uzbekistan dated October 5, 2020, No. UP-6079 "On Approval of the Strategy 'Digital Uzbekistan — 2030' and Measures for its Effective Implementation."

2. Berdiyev, B. (2021). Directions of Digitalization of the Banking and Financial System in Uzbekistan. Economy and Innovative Technologies, 3(2), 45-52.

3. Omonov, A. (2022). Financial Technologies and Banking Innovations. Tashkent: Moliya-Iqtisodiyot Publishing House.

4. Tapscott, D. (2015). The Digital Economy: Anniversary Edition: Rethinking Promise and Peril in the Age of Networked Intelligence. McGraw-Hill Education.

5. King, R. G., & Levine, R. (1993). Finance and Growth: Schumpeter Might Be Right. The Quarterly Journal of Economics, 108(3), 717-737.

6. Central Bank of the Republic of Uzbekistan. (2024-2025). Official Analytical Data and Statistical Reports. Retrieved from cbu.uz.

7. Mustafakulov, Sh. (2023). Digital Economy and Investment Attractiveness: Patterns of Interdependence. Economic Bulletin of Uzbekistan, 5(1), 12-19.

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Published

18-06-2026

How to Cite

DIGITALIZATION OF THE FINANCE AND FINANCIAL TECHNOLOGY SYSTEM IN UZBEKISTAN: PROSPECTS AND CHALLENGES. (2026). INTERNATIONAL CONFERENCE ON MULTIDISCIPLINARY STUDIES AND EDUCATION, 3(6), 214-216. https://eoconf.com/index.php/icmse/article/view/1526