The FinTech Association of Uzbekistan (FAU) is a non-governmental, non-profit organization founded in early 2022 on the initiative of leading experts working in the field of financial technology. It serves as a unique platform for constructive dialogue between regulators and business representatives.
Through this platform, expert assessments of innovative technologies are conducted, taking into account international experience, and concepts for financial technologies and approaches to their implementation are developed. The Association strives to be the voice of fintech companies and to serve as a resource and forum for learning, information exchange, and networking among companies, regulators, the government, and the general public.
The research provides an overview of the current fintech market, its key trends, major developments, opportunities and prospects for further growth. It also highlights the potential for international cooperation and the role of Uzbekistan in the development of the regional fintech ecosystem.
The report explores the major trends shaping the market this year:
E-commerce & BNPL — the e-commerce market continues to expand rapidly, with Buy Now Pay Later established as a core financing channel across the country. The report also explores upcoming industry changes and regulation, including a forthcoming Code of Ethics from the Central Bank, a proposed maximum BNPL term, lending limits and mandatory credit bureau integration.
FinTech Ecosystems — platform-based players such as Uzum, TBC Uzbekistan and Paynet have built integrated ecosystems spanning banking, payments, e-commerce and enterprise solutions, reshaping how consumers and businesses access financial services.
Digital Payments — cashless payments continue to grow as a share of trade and services turnover, supported by mobile banking, the Unified QR system, contactless payments and Instant Payments.
Cyber Threats Landscape — as digitalization accelerates, so does the threat environment, with over 30 active cybercriminal groups, 11,500+ phishing resources detected in 2025, and financial and government sectors as the top targets.
Islamic Finance and Takaful — with 88-96% of the population Muslim, demand for Sharia-compliant financial products is strong, with 75% of individuals saying they would use Islamic finance if available and a latent market estimated at $10-15 billion.
Crypto Industry Overview — a regulated digital asset market has emerged under NAPP oversight, with 21 licensed service providers and over 663,000 active registered users, positioning Uzbekistan first in Central Asia and the Caucasus.
Startup Ecosystem — Uzbekistan has become Central Asia’s fastest-rising startup ecosystem and the second-fastest globally by growth rate, driven by a sharp rise in VC investment and a growing network of local venture funds, accelerators and innovation hubs.
We invite you to explore the research and gain a deeper understanding of the opportunities shaping the future of fintech in Uzbekistan and the region.
Please fill out the application form and send it, along with information about your company (line of business, reasons for joining, date of establishment), to the Association's email address.
The committee will review your application and send you an email with its decision within 7 business days of the application submission date. If the decision is favorable, we will ask you to provide your billing information so we can issue an invoice.
The annual membership fee for companies from Uzbekistan
How Can Legal Entities Join the Association?
FinTech & Banking Forum 2026, the Crossroads | Tashkent, Uzbekistan
Copyright © 2026 FINTECH. Powered By Timur Zakirov.
