Central Bank of the Republic of Uzbekistan signs cooperation memorandum with Singapore’s Global Finance & Technology Network to develop the country’s FinTech ecosystem

The Central Bank of the Republic of Uzbekistan signed a Memorandum of Understanding with the Global Finance & Technology Network (GFTN), under the Monetary Authority of Singapore, to establish bilateral cooperation on developing Uzbekistan’s FinTech ecosystem and supporting the digital economy, including the adoption of global best practices. The cooperation programme covers work on a FinTech sector growth strategy, capacity building and specialised training, support for the FinTech community through hackathons, forums and innovation initiatives, and the introduction of digital platforms to promote venture financing, startup growth and the development of the green economy.