ACADEMICIA: An International Multidisciplinary Research Journal
  • Year: 2022
  • Volume: 12
  • Issue: 5

Increasing the role of virtual banks in development digital economy (on the example of Uzbekistan)

1Assistant, Department of Banking and Investments, Tashkent State University of Economics, Tashkent, Uzbekistan, Email id: mirpulatovalm@mail.ru

Online Published on 14 July, 2022.

Abstract

The article discusses the issues of studying the potential and challenges associated with changing types of banks, and the prospects for the development of virtual banks, in the same way as traditional ones. In the article, the author considers the creation of virtual banks in Uzbekistan. As a result of the research, the author has developed his own proposals and conclusions.

Keywords

Virtual Bank, Banking Sector, Digital Economy, Authorized Capital Size, Digitalization, Transformation