“Central Asia and the Caucasus have significant potential for mutual fintech investments”

Central Asia and the Caucasus possess significant untapped potential for mutual investment in the fintech sector, said Otabek Nasyrov, chairman of the Central Asian Fintech Association (CAFA), in an interview with Trend.

“Over the past few years, both regions have seen strong growth in digital payments, e-commerce, digital banking, embedded finance, and fintech infrastructure.

Azerbaijan, Uzbekistan, Kazakhstan, and Georgia are actively investing in digital transformation, creating an increasingly favorable environment for innovation and technology-based businesses. Our regions share similar market dynamics and customer needs. This creates unique opportunities not only for direct investment but also for strategic partnerships, technology transfer, the establishment of joint ventures, and market expansion.

I am confident that Central Asia and the Caucasus are well-positioned to capitalize on global trends in digital transformation. The key question is not whether innovation will reach our region, but how effectively we can work together to turn these opportunities into sustainable economic growth and stronger financial ecosystems,” Nasyrov said. 

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