The Influence of Fintech on the Business Environment in Developing Economies: On the example of Central Asian Countries

Bakoeva Gulbakhor Matyakubovna; Ibragimova Farangiz Aybek Qizi

The Influence of Fintech on the Business Environment in Developing Economies: On the example of Central Asian Countries

Authors

Bakoeva Gulbakhor Matyakubovna University of World Economy and Diplomacy, PhD on economic sciences Associate Professor of “International finance and Investments” department
Ibragimova Farangiz Aybek Qizi University of World Economy and Diplomacy, Teacher of “International finance and Investments” department

Keywords:

Fintech, Developing Economies, Central Asia, Financial Inclusion, Access to Capital, Efficiency

Abstract

This article explores the transformative impact of fintech on the business environment in developing economies, with a particular focus on Central Asian countries, including Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan, and Tajikistan. Through data analysis and examination of key fintech trends, the article highlights how financial technology is driving financial inclusion, improving access to capital, enhancing efficiency, and promoting financial literacy in these nations. Additionally, it discusses the growth of licensed fintech firms and increased competition, illustrating the multifaceted influence of fintech on Central Asian economies.

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Published

2023-09-22

How to Cite

Bakoeva Gulbakhor Matyakubovna, & Ibragimova Farangiz Aybek Qizi. (2023). The Influence of Fintech on the Business Environment in Developing Economies: On the example of Central Asian Countries. Procedia on Economic Scientific Research, 6, 1–3. Retrieved from https://procedia.online/index.php/economic/article/view/982