2023/03 | EUR150496523 | IDC Perspective
2022/12 - Market Perspective - Doc # EUR249952322
Payment Platforms as a Foundation for Fintech Expansion in Uzbekistan
By: Robert Farish
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Abstract :Overview
The 2022 war in Ukraine has triggered a surge in economic migration across eastern Europe and many of the countries bordering Russia. This has created new financial flows that represent a major opportunity for service providers positioned to take advantage of these developments. The example of Uzbekistan demonstrates that political changes followed by regulatory reform can rapidly change the market landscape, opening previously closed economies to fintech innovators.
"The economies of Central Asia have been net beneficiaries of the traumas created by geopolitical upheaval in 2022. The experience of Uzbekistan demonstrates that they are also ripe for a period of fintech disruption." — Vice President Robert Farish, IDC CIS
Table of Contents
Executive Snapshot
Figure: Executive Snapshot: Sharp increase in business for digital payments systems
New Market Developments and Dynamics
Remittances
Fiscal Policy Reforms
Political Change
A Large Diaspora
Fintech Culture
Areas of Expansion — Focusing Only on Customer Needs
Expansion Through Partnership
Advice for the Services Provider
Learn More
Related Research
Synopsis
List of Figures
- Executive Snapshot: Sharp increase in business for digital payments systems
Subscriptions Covered
※ This report is an annual information service. (Russia ICT Market Opportunity and Digital Business Strategies)
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