Uzbekistan’s transition to a cashless society: policy reforms and comparative analysis

Khikmatullaev Ismoilkhuja Khusan ugli, Dr. Maya Sari, S.E., M.M.

Innovation science and technologiy · 2025-yil

Annotatsiya

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.

Maqola ma’lumotlari
MualliflarKhikmatullaev Ismoilkhuja Khusan ugli, Dr. Maya Sari, S.E., M.M.
JurnalInnovation science and technologiy
NashriyotТошкент давлат иқтисодиёт университети
Nashr sanasi2025-06-02
Jild1
Son5
Betlar162-169
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.5281/zenodo.17443912
Indeksga qo‘shilgan2026-08-26

DOI: 10.5281/zenodo.17443912 · Maqolaning asl sahifasi

Kalit so‘zlar

Cashless economy; Digital payments; Uzbekistan; Financial inclusion; Payment policy; Infrastructure reform.

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAKhikmatullaev Ismoilkhuja Khusan ugli, & Dr. Maya Sari, S.E., M.M. (2025). UZBEKISTAN’S TRANSITION TO A CASHLESS SOCIETY: POLICY REFORMS AND COMPARATIVE ANALYSIS. Innovation science and technologiy, 1(5), 162-169. https://doi.org/10.5281/zenodo.17443912
GOST (OAK)Khikmatullaev Ismoilkhuja Khusan ugli, Dr. Maya Sari, S.E., M.M. UZBEKISTAN’S TRANSITION TO A CASHLESS SOCIETY: POLICY REFORMS AND COMPARATIVE ANALYSIS // Innovation science and technologiy. – 2025. – T. 1, № 5. – P. 162-169. – DOI: 10.5281/zenodo.17443912.
MLAKhikmatullaev Ismoilkhuja Khusan ugli, and Dr. Maya Sari, S.E., M.M. “UZBEKISTAN’S TRANSITION TO A CASHLESS SOCIETY: POLICY REFORMS AND COMPARATIVE ANALYSIS.” Innovation science and technologiy, 1(5), 162-169, 2025. https://doi.org/10.5281/zenodo.17443912
ChicagoKhikmatullaev Ismoilkhuja Khusan ugli, and Dr. Maya Sari, S.E., M.M. “UZBEKISTAN’S TRANSITION TO A CASHLESS SOCIETY: POLICY REFORMS AND COMPARATIVE ANALYSIS.” Innovation science and technologiy, 1(5), 162-169 (2025). https://doi.org/10.5281/zenodo.17443912
HarvardKhikmatullaev Ismoilkhuja Khusan ugli, and Dr. Maya Sari, S.E., M.M (2025) ‘UZBEKISTAN’S TRANSITION TO A CASHLESS SOCIETY: POLICY REFORMS AND COMPARATIVE ANALYSIS’, Innovation science and technologiy, 1(5), 162-169. https://doi.org/10.5281/zenodo.17443912
BibTeX
@article{khikmatullaevismoilkhujakhusanugli2025,
  title = {UZBEKISTAN’S TRANSITION TO A CASHLESS SOCIETY: POLICY REFORMS AND COMPARATIVE ANALYSIS},
  author = {Khikmatullaev Ismoilkhuja Khusan ugli and Dr. Maya Sari, S.E., M.M.},
  journal = {Innovation science and technologiy},
  year = {2025},
  volume = {1},
  number = {5},
  pages = {162-169},
  doi = {10.5281/zenodo.17443912},
  url = {https://doi.org/10.5281/zenodo.17443912}
}

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