Turkic States Fintech Alliance established

The fintech associations of Türkiye, Azerbaijan, Kazakhstan, Kyrgyzstan, and Uzbekistan signed a memorandum of understanding on establishing the Turkic States Fintech Alliance, Report informs, citing the Azerbaijan Fintech Association Public Union.

The document envisages closer cooperation, exchange of experience, and implementation of joint projects in areas such as the development of financial technologies, legislation and regulation, increasing financial inclusion, supporting the startup ecosystem, facilitating international payments and transfers, and cybersecurity.