DIGITAL TRANSFORMATION OF THE PAYMENT INFRASTRUCTURE IN UZBEKISTAN: THE ROLE OF FINTECH AND SUPTECH SOLUTIONS

Abstract

This paper examines the digital transformation of the payment infrastructure in Uzbekistan, focusing on the role of FinTech applications and emerging SupTech solutions. Drawing on official data from 2023 and recent industry reports, the study analyzes trends in mobile banking usage, the growth of non-cash transactions, and the expansion of financial technology platforms. Quantitative metrics such as the Digital Penetration Ratio (DPR), Transaction Efficiency Ratio (TER), and Infrastructure Saturation Index (ISI) are calculated to assess the current state and performance of Uzbekistan’s digital finance ecosystem. The research identifies key challenges, including uneven infrastructure access and limited supervisory technological capacity, and proposes policy recommendations to ensure sustainable and inclusive development. The findings suggest that while significant progress has been made, further investment and regulatory innovation are required to support long-term digital financial integration.