Central bank to regulate “Buy Now, Pay Later” market
The Central Bank of Uzbekistan plans to start regulating the installment payment market, including the “Buy Now, Pay Later” system. This was announced by the Chairman of the Central Bank, Timur Ishmetov. He said that the Central Bank, with support from international financial institutions, regularly conducts stress tests to identify risks in emerging markets.
According to a study by KPMG Caucasus & Central Asia in April 2024, the POS financing and installment market had a turnover of around $450–500 million in 2023. By 2027, it is expected to grow to between $1.5 and $2 billion.
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