The team of KPMG Caucasus and Central Asia conducted a study on non-cash payments, POS financing and BNPL segments in Uzbekistan.

According to forecasts based on the research, a twofold increase in the volume of payments and transfers is expected by 2027.

Key points:

  • Updated requirements for payment organizations are driving market consolidation;
  • Aggregate annual growth in monetary transfers leads to a 22% increase in non-cash transactions volumes up to 2027;
  • The total volume of non-cash transactions (payments and transfers) is forecasted to range from $107 billion to $125 billion by 2027;
  • The POS (Point-of-sale) financing and BNPL market is expected to see a fourfold increase in transaction volume by 2027;
  • Within the analysis of the POS financing and BNPL, key players assessed the Gross Merchandise Volume (GMV) market size to be from $450 million to $500 million;
  • The total market volume of POS financing and BNPL (Buy Now, Pay Later) is forecasted to range from $1.5 billion to $2 billion in GMV by 2027.

Aggressive growth is expected in the e commerce segment. Consumers demonstrate more trust in online installment services, while market participants are reducing the decision-making process for financing to 1 minute.

You can learn more about the research in English by downloading file below.