Financial Inclusion and Its Dependence on Banking Services in Uzbekistan

1Zafar Absamatovich Umarov, Guzal Yashinovna Babaeva and Umida Abdugafarovna Ganieva

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Abstract:

This study compared given data of Banking system in the Republic of Uzbekistan on access to financial services and World Bank’s financial inclusion data to determine the impact and usage of financial services among customers. It is aimed to determine the level of usage of financial services in Uzbekistan by comparing 11 country indicators where conducted surveys and done statistical and SWOT analysis. The research on financial inclusion level allowed to determine relatively low level of availability of financial and banking services among customers with sufficient cost of financial services as well as suitable and useful info to customers where financial inclusion related to the increase of bank branches and services in rural areas.

Keywords:

Financial Inclusion, Banking Services, Access to Financial Services, Uzbekistan.

Paper Details
Month5
Year2020
Volume24
IssueIssue 5
Pages6055-6067