Prospects of Payment Ecosystem Formation in Uzbekistan

Abstract

This article looks at the national payment system of the Central Bank's possible accomplishments and future prospects in the country's economy. Prospects for the advancement of banking procedures as well as enhancements to payment options and efficiency were taken into account. Additionally, it includes a range of strategic proposals for the Central Bank that include regulatory change, technological investment, and teamwork to position the bank as a major force behind financial stability and economic growth in determining the future course of the nation's payment system. comprised. The essay goes into great detail about the potential benefits of the national payment system as well as the challenges and opportunities the Central Bank has faced in creating a secure and cutting-edge financial infrastructure.