This study investigates the impact of digital payment systems development on banking sector performanceacross five Central Asian countries—Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, and Turkmenistan—using paneldata spanning 2015–2024. The rapid expansion of mobile payment technologies, electronic banking platforms, andfintech innovations has significantly transformed the financial services landscape in the region, raising essential questionsregarding the adaptation of traditional banking institutions to digital transformation. Using a comprehensive econometricframework, including fixed and random effects models, difference-in-differences estimation, and dynamic panel analysisthrough the system GMM estimator, the research examines the relationship between digital payment adoption, bankprofitability, credit portfolio dynamics, and financial inclusion. The empirical results indicate that mobile payment volumegrowth positively affects total banking revenues, demonstrating complementarity rather than substitution with traditionalbanking services. Difference-in-differences estimation based on the staggered introduction of national digital platformsreveals significant improvements in financial inclusion, with treatment effects ranging from 12% to 18%. Dynamic panelestimations confirm the persistence of digital transformation effects and the existence of cross-country heterogeneity drivenby initial conditions and regulatory environments. The Hausman test favors fixed effects, underscoring the importanceof controlling for unobserved country-specific characteristics. The findings highlight the transformative potential of digitalpayment infrastructures in fostering banking sector development and financial deepening in transition economies andstress the need for regulatory frameworks that ensure risk management and equitable access to digital financial services
| Mualliflar | Aziza , Ergasheva, Oltinov, Rustam |
|---|---|
| Jurnal | Яшил иқтисодиёт ва тараққиёт |
| Nashr sanasi | 2025-11-01 |
| Jild | 3 |
| Son | 11 |
| Til | Ingliz |
| DOI | 10.5281/zenodo.17752984 |
DOI: 10.5281/zenodo.17752984 · Maqolaning asl sahifasi
digital payments; mobile banking; fintech; financial inclusion; panel data; difference-in-differences; Central Asia.
Ushbu maqola zamonaviy korxonalarda ichki auditning o‘rni, ahamiyati, duch kelinadigan muammolar vaularni bartaraf etish yo‘llariga bag‘ishlanadi. Tadqiqotda ichki auditning korporativ boshqaruvdagi strategik…
Ushbu maqolada sirkulyar iqtisodiyot tamoyillari asosida resurs tanqisligining oldini olishning nazariy vaamaliy jihatlari tahlil qilingan. Shuningdek, sirkulyar iqtisodiyot modelini amaliyotga joriy etish jarayonidagi…
Ushbu maqolada qishloq xo‘jaligidagi risklarning asosiy turlari, ularning kelib chiqish omillari va agrar ishlabchiqarishga ta’siri tahlil qilingan. Tabiiy-iqlimiy, moliyaviy, bozor va texnologik risklarning o‘zaro…
Maqolada charm-poyabzal korxonalarida cheklangan resurslar sharoitida ishlab chiqarishning iqtisodiysamaradorligini oshirish imkoniyatlarini aniqlash maqsadida sof foyda ko‘rsatkichiga ta’sir qiluvchi omillarning…
Ushbu maqolada O‘zbekistonda turizm sohasida ovqatlanish xizmatlari infratuzilmasini rivojlantirish,ularning boshqaruv mexanizmlarini takomillashtirish hamda mijozlar tajribasini oshirish masalalari o‘rganiladi…
Ushbu maqolada jadal o‘zgarayotgan avtomobil bozorida korxonalar tomonidan zamonaviy marketingkonsepsiyalarini qo‘llashning mohiyati, afzalliklari va amaliy jihatlari ilmiy jihatdan yoritiladi. Tadqiqotda…
Maqolada tijorat banklarining moliyaviy barqarorligini oshirish masalalari tahlil qilinib, ularning kapital bazasinimustahkamlash, likvidlikni samarali boshqarish, muammoli kreditlar ulushini kamaytirish, risklarni…
Ushbu maqola soliq nazoratini tashkil etish va soliq qarzdorligini undirishning samarali mexanizmlari,shuningdek xalqaro tajribalarni O‘zbekiston sharoitida tatbiq etish imkoniyatlarini tahlil qiladi. Maqolada AQSh…
Ushbu maqolada budjet jarayonlarida ochiqlik va shaffoflikni oshirish mexanizmlari tahlil qilinadi. Tadqiqotningmaqsadi – amaldagi mexanizmlarning samaradorligini o‘rganish va ularni takomillashtirish orqali davlat…
Ushbu maqolada ta’lim tashkilotlari uchun moliyaviy aktivlarni boshqarish juda muhimligi, ta’lim tashkilotlaridamoliyaviy aktivlarning mavjudligi va aylanish tezligiga bog‘liqligi ko‘rsatilgan, shuningdek moliyaviy…