Alliances

EDB Boosts Uzbekistan's FinTech with $70M Investment

By Daybreak Brief Editorial Team

The Eurasian Development Bank (EDB) has signed a $70 million investment loan with Uzum, Uzbekistan's leading digital platform, to boost its FinTech business. This marks EDB's first investment in Uzbekistan since the country joined the bank, signaling a strategic move towards expanding digital infrastructure and economic growth in the region. What does it mean for you? This partnership will likely make digital payments and financial services more accessible in Uzbekistan, potentially improving your everyday financial transactions and offering new opportunities for small businesses.

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