• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12768.26
    • RUB162.63
    • EUR14400.04
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +21°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    World

    Turan Teknoloji spearheads fintech growth in Uzbekistan

    Turan Teknoloji spearheads fintech growth in Uzbekistan

    Turkish fintech startup Turan Teknoloji Anonim Şirketi is set to make its debut in the Uzbek market in November. The company, which has already established operations in Azerbaijan, is keen on expanding its footprint in Central Asia. Edgar Abdullayev, CEO of United Payment, revealed in an interview with Trend that Turan plans to initiate money transfers from Turkey to Central Asia.
    Photo: Turan's Performance in Azerbaijan
    Source: Daryo

    Market Opportunities in Uzbekistan: The Uzbek market presents several opportunities for businesses, particularly in sectors like oil and gas, food processing and packaging, construction, ICT, and tourism. The growing public and private investments resulting from the Uzbek government’s export-oriented and import-substituting industrialization agenda may create more opportunities for businesses like Turan. Edgar Abdullayev stated:

    Turan will provide new opportunities for customers who want to send funds to Central Asian countries. This step reflects the company's desire to expand its global network and meet customer needs for convenient and secure monetary transactions. We are proud to offer our customers the opportunity to send money to Central Asian countries. Our goal is to provide simplicity and convenience in each transaction, making the transfer process as simple as possible for our customers.
    Photo: Turan's Performance in Azerbaijan
    Source: Finance Gundem

    Fintech Trends in Central Asia: The fintech industry in Central Asia is evolving with trends like more digitalisation and less cash and the emergence of new “places of power”. Turan’s expansion into this market aligns with these trends and could offer new opportunities in a market ripe for digital financial solutions.

    Turan’s Performance in Azerbaijan: In Azerbaijan, Turan processes monthly transfers amounting to ₺9.5 mn ($330,000), with plans to increase this figure to ₺37.5 mn ($1.3 mn) by 2024. With over 120,000 active users conducting 700,000 transactions every month, Turan has demonstrated its potential to make a significant impact in the Central Asian fintech ecosystem.

    Language Support: The service, which supports six languages including Uzbek and Russian, aims to provide customers with a convenient and secure platform for monetary transactions. This could be a key factor in gaining user trust and facilitating user adoption in the new market.

    Turan’s entry into the Uzbek market is part of a broader strategy to strengthen ties between Turkic countries and simplify money transfers among them. This could foster greater economic integration and cooperation in the region.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news. 
    20.11.2023, 15:04   Comments (0)   1881
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Uzbekistan boosts financial turnover with ECO member countries 

    08.11.2023, 13:17

    Central Bank of Uzbekistan delegation enhances financial ties during Seoul visit 

    11.11.2023, 12:11

    Avesta Investment Group's Karen Srapionov on Uzbekistan's financial sector reforms

    17.11.2023, 15:19

    Uzbek delegation joins Bishkek International Film Festival 

    19.11.2023, 23:20

    From 3.1% surplus to 4.6% deficit: Kazakhstan’s current account shift in 2023  

    19.11.2023, 15:37

    Kyrgyzstan’s state debt nears $6 bn: threat to economic stability

    19.11.2023, 15:17
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beeline Uzbekistan started 2025 with a significant network modernization

     

    Recommended

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    8 May, 11:26

    Uzbekistan sees rise in cross-border travel as outbound tourism jumps 20%

    7 May, 12:38
     
     
     

    Latest news

    Kazakhstan weighs China’s $5.47bn nuclear offer over Russia’s costlier bid

    Kazakhstan | 31 May, 15:45

    “Uzbekistan could have gone to war with neighboring countries" – says Abdulaziz Kamilov

    Uzbekistan | 31 May, 12:06

    President of Uzbekistan proposes “Central Asia–Italy” business club to boost cooperation

    Uzbekistan | 31 May, 10:01

    Kyrgyzstan open to global cooperation in fintech and digital economy, says PM Kasymaliev

    Kyrgyzstan | 30 May, 17:39

    Tashkent ranks among Central Asia’s top 3 cities in Global Cities Index 2025

    Uzbekistan | 30 May, 15:07

    Uzbeks migrating to Khanty-Mansi region are returning to their ancestral lands, says Russian MP

    Uzbekistan | 30 May, 14:00

    Kazakhstan and Italy explore investment fund to advance agro-industrial complex

    Kazakhstan | 30 May, 13:05

    Uzbekistan, Pakistan explore joint textile production as Yunus Textile Mills eyes investment opportunities

    Uzbekistan | 30 May, 12:00
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.