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Impact of technology adoption on the financial services performance in Uzbekistan

Year: 2025

Type: article

Abstract: This study explores the impact of technology adoption on the performance of financial services in Uzbekistan, with a focus on digital payments, mobile banking, and the broader fintech ecosystem. By analyzing data from 2017 to 2024, the study employs econometric models, including ARMA and regression analysis, to assess how technological innovations, such as mobile payment platforms and online banking penetration, affect the financial sector's growth, efficiency, and consumer accessibility. The findings highlight a significant positive correlation between technology adoption and financial services performance, particularly in terms of increased consumer engagement and the expansion of digital payment channels. The study also discusses policy implications for promoting further technological advancements to improve financial inclusion and sectoral growth. Keywords: Financial Services, Fintech, Banking Sector, Microfinance and Electronic Payments.

Source: Finance & Accounting Research Journal

Authors: Khalilov Abdinazar, Cui Hairong

Institution: Nanjing University of Information Science and Technology

Language: English

Topic: Digital Transformation in Financial Services

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W4408081275

FWCI: 1.955

Cites:

Cited by: 1

Related to: 10