ACIPE Members News

Uzbekistan has introduced a new regulatory framework for online lending, effective from April 22, aimed at strengthening consumer protection and reducing fraud risks.

Under the new rules, loan applications submitted simultaneously by one client to multiple banks are coordinated through Credit Bureau CIAC. The first submitted application is processed initially, while additional applications may be temporarily restricted for 24 hours in case of approval.

The mechanism is designed to prevent multiple loans from being issued within a short period, including without the borrower’s knowledge, and to enhance the security and transparency of Uzbekistan’s digital financial ecosystem.