Uzbekistan is undergoing a rapid transition toward a cashless society, driven by government policy, technologicalinfrastructure development, and changing consumer behaviors. This article analyzes Uzbekistan’s national shift fromcash to digital payments through an IMRAD-structured study focusing on policies, infrastructure, and internationalcontext. A comprehensive literature review (global and local) highlights the benefits of cashless economies – efficiency,transparency, inclusion – as well as challenges like security risks and cultural resistance. The methodology combinesa review of academic and policy literature with an analysis of government initiatives and legal reforms (e.g., the 2019Payment Systems Law) and a comparative examination of cashless transitions in other countries. Results show thatstate-led efforts – from modernized payment networks to incentives and transaction limits – have significantly increasednon-cash transactions in Uzbekistan. By 2023, nearly half of retail transactions were digital, reflecting the impact of thesereforms. A discussion situates Uzbekistan’s progress relative to international peers and identifies remaining hurdles, suchas cybersecurity and ensuring rural inclusion. The findings suggest that Uzbekistan’s proactive approach aligns wellwith global trends and user adoption among the young generation. The conclusion emphasizes that while Uzbekistan’scashless trajectory is well underway and even ahead of some regional neighbors, continued attention to security, literacy,and inclusive access will be vital to fully realize an efficient, transparent, and inclusive cashless economy.
| Mualliflar | Khikmatullaev Ismoilkhuja Khusan ugli, Dr. Maya Sari, S.E., M.M. |
|---|---|
| Jurnal | Innovation science and technologiy |
| Nashr sanasi | 2025-06-02 |
| Jild | 1 |
| Son | 5 |
| Betlar | 162-169 |
| Til | Ingliz |
| DOI | 10.5281/zenodo.17443912 |
DOI: 10.5281/zenodo.17443912 · Maqolaning asl sahifasi
Cashless economy; Digital payments; Uzbekistan; Financial inclusion; Payment policy; Infrastructure reform.
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