Uzbekistan's Central Bank set to regulate BNPL sector

Uzbekistan’s Central Bank is preparing to introduce regulation for the rapidly growing BNPL (Buy Now – Pay Later) segment. The announcement was made on May 2 at an International Monetary Fund (IMF) conference, reports Kursiv Uzbekistan.

Currently, the regulator, together with international financial institutions, is conducting regular stress tests to identify risks in unregulated market segments. Special attention is being paid to systems that could increase the population’s debt burden.

BNPL has been identified as one such system. As a result, mechanisms will be introduced to register citizens’ credit obligations within the banking system and to protect consumer rights. Read 'Zamin' on Telegram!