Article

THE IMPACT OF DIGITAL PAYMENT SYSTEMS ON DOMESTIC MARKETS: THE CASE OF UZBEKISTAN

Asrayev, Shavkat Bakhtiyar ogliStudent of Jizzakh branch of the National University of Uzbekistan named after Mirzo Ulugbek

Zenodo (CERN European Organization for Nuclear Research)repository2025

ABI

Abstract

This study investigates the impact of digital payment systems on Uzbekistan’s domestic markets, highlighting the rise of cashless transactions, peer-to-peer (P2P) transfers, and mobile/QR-based payments. In 2023, P2P transfers reached 224.3 trillion UZS, a 56% increase from the previous year, while cash withdrawals declined to 22.7% of total transfers in early 2024. The analysis indicates that digital payments are reshaping consumer behavior, enhancing financial inclusion, and improving market efficiency. The paper also discusses regulatory and cybersecurity challenges associated with this transition.

Topics

Language Acquisition and Education Water and Wastewater Treatment Governance, Compliance, and Sustainability

Identifiers

DOI: 10.5281/zenodo.17599153

Citations and references

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