The National Bank of the Republic of Tajikistan held discussions with the founders of Uzbekistan’s LLC “OZPLANET” and the International Finance Corporation (IFC) on the use of a digital platform for factoring operations and the potential to expand cooperation in this area. The central bank framed an electronic factoring platform as part of its priority to digitise financial services, citing its potential to support small and medium-sized enterprises (SMEs), improve the transparency of settlements, and stimulate capital turnover in the economy. The meeting linked the initiative to the IFC’s “Movable Asset-Based Financing” programme and a related roadmap for SMEs in Tajikistan, under which the National Bank of Tajikistan and IFC signed a bilateral agreement in 2024. The programme aims to increase SMEs’ access to financial services and alternative credit products, including financing secured by movable assets, and the digital platform was presented as a mechanism to enable simpler and faster settlements between businesses and their suppliers. OZPLANET presented and demonstrated how its digital factoring platform operates in Uzbekistan, noting its role as the platform’s developer, owner and operator and its experience digitising banking services in Uzbekistan and the Russian Federation. The parties also exchanged views on additional areas for future cooperation and expressed readiness to broaden it.

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