Why is this important
The rapid growth of fintech services, the digital transformation of SMEs, and government support make Uzbekistan a point of attraction for international startups and investors. This accelerates the development of the digital economy and brings the country to the forefront of global fintech.
What happened
- According to Xpence estimates, Uzbekistan’s economy is growing by 6.5 percent annually;
- The volume of the digital payments market is about $100 billion, of which SMEs account for 55%;
- After connecting to IT Park, Xpence registered in 6 hours and concluded a banking agreement in 90 days;
- Uzbekistan demonstrates a high readiness to implement digital services — from regulation to infrastructure.
What they say
High demand, business activity, and government support make Uzbekistan one of the most attractive markets for digitalization, — said Ansari Zain, CEO of Xpence.
Context
Xpence is an international fintech company that provides corporate finance management solutions. IT Park Uzbekistan simplifies the launch of startups: quick registration, tax benefits, access to a network of partners. Uzbekistan is accelerating digital transformation: in 2025, the country entered the top 40 in the GovTech index and is actively developing fintech through regulatory sandboxes and venture funds.
