Target indicators and capital attraction
According to Resolution of the President of The Republic of Uzbekistan from 27.11.2025 г. № RP-359 “On measures for the further development of the financial technologies sector in Uzbekistan”, a program of measures for 2026-2030 has been approved. The priority task is to increase the volume of foreign investment in the financial technology sector to 1 billion US dollars. It is also planned to increase the number of companies providing services in this sector to at least 200 units, which is aimed at developing a competitive environment.
Infrastructure development and innovation support
To support startups financially, a Venture Fund will be established under the Central Bank in the form of a limited liability company. Its authorized capital will be formed in the amount of 50 million US dollars at the expense of state banks. Additionally, an Innovation Hub is being created, residents of which will have the right from January 1, 2026, to compensation of up to 50% of expenses spent on employee training and obtaining international IT certificates (the compensation amount must not exceed 20 thousand dollars per year).
Introduction of Open Banking technologies
An important stage of modernization will be the launch of the Open Banking system. By September 1, 2026, the Central Bank, together with relevant agencies, must ensure the introduction of unified application programming interface (API) standards. This will allow establishing secure data exchange between market participants and provide clients with the opportunity to manage accounts in different banks through unified platforms.
Regulation of crypto-assets and capital market
The document introduces new mechanisms for working with digital assets within the framework of the special legal regime “Regulatory Sandbox”. From January 1, 2026, legal entities are allowed to issue and secondarily circulate shares and bonds in the form of crypto-assets (tokenization). Also, within the framework of the experiment, the use of secured tokens (stablecoins) issued in foreign jurisdictions as a means of payment will be permitted.
Convenience for users and freedom of choice
The resolution provides for the abolition of the practice of forced selection of a bank for receiving wages. Individuals will be given the right to independently choose a bank or payment organization to credit their income. In addition, a mechanism for making payments between legal entities through payment organizations and a system of direct transfers from bank accounts by phone number are being introduced. QR code standards will also be unified to ensure the possibility of payment through any payment application.
Data management and human potential
To improve the quality of management in the Central Bank and commercial banks, the position of Chief Data Officer is being introduced by the end of 2025. As part of the development of human potential, a program for training 5000 qualified specialists in the field of financial technologies is envisaged.
You can get acquainted with the document in detail at this link: https://lex.uz/ru/docs/7869376
Source: National Database of Legislation of the Republic of Uzbekistan (Lex.uz)