From September 15 to 17, the UZCARD payment system will take part in the prestigious international fintech exhibition Money20/20 Middle East, which this year will be held in Riyadh, Saudi Arabia. The company will participate as a partner, representing Uzbekistan among the world’s leaders in the digital finance industry.
In June this year, the UCMG Group of Companies, which includes the UZCARD payment system, participated in Money20/20 Europe in Amsterdam, where for the first time on behalf of Uzbekistan, innovative solutions in open banking, digital payments, and a nationwide payment system with full coverage across the country were presented.
Entering the Middle Eastern market is an important strategic step toward expanding global presence and developing international cooperation.
“Participation in Money20/20 Middle East reflects our strategy to be part of the global movement and to share what has already been implemented in Uzbekistan. We are building an open ecosystem based on the principles of transparency, technology, and integration. The open banking model we are developing has been validated by scale, is operating in real infrastructure, and is ready to be scaled beyond the country. Today, we are focusing on expanding international partnerships, strategic alliances, and implementing solutions that can strengthen financial systems in other countries,” said David Melikidze, CEO of UCMG LLC.
UZCARD is entering the global arena with a clear mission: to demonstrate that Uzbekistan is not just an emerging market but a country with its own fintech technologies, a mature payment architecture, and ambitions for global influence.