Central Asian Central Banks Unite in Tashkent to Shape Future of Payment Systems

The representatives of the central banks of Azerbaijan and several Central Asian countries have convened in Tashkent to discuss forward-looking regulatory strategies for payment services in Azerbaijan.

The high-level meeting brought together key financial regulators to explore collaborative approaches to modernizing financial infrastructure across the region, The Caspian Post reports via the Central Bank of Uzbekistan.

Discussions centered on enhancing payment systems, digital financial infrastructure, cybersecurity frameworks, and the regulation of the rapidly expanding fintech sector.

A significant portion of the talks focused on:

Special legal frameworks for financial services

Tajikistan’s experience with a unified QR code payment system

Kazakhstan’s digital infrastructure advancements

Azerbaijan’s emerging regulatory approach to payment services

SupTech (Supervisory Technology) and RegTech (Regulatory Technology) innovations

Expansion of cashless payment systems

Implementation of regulatory sandboxes to pilot new financial technologies

According to the Central Bank of Uzbekistan, the forum aimed to strengthen regional cooperation, foster knowledge-sharing, and support joint initiatives in digital finance and payment ecosystems.