Transformation of cashless payments: Experience of Central Asia and Uzbekistan
The material analyzes the development of the cashless payment system in Uzbekistan, the growth of the share of digital payments, and the reforms implemented by the government. It also highlights the economic efficiency for businesses and the key trends in the development of digital payments.
Transformation of cashless payments: The experience of Central Asia and Uzbekistan
Global trends and economic mechanisms
In recent years, the cashless payment system has become one of the most important structural changes in the global economy. According to data, while the volume of digital payments amounted to approximately 1.8 trillion transactions in 2019, it exceeded 3 trillion transactions by 2024. This almost twofold increase shows how rapidly the digital economy is developing. This dynamic indicates that digital payments are not a separate segment, but...