IT-Park Uzbekistan logo
  • Open a Company
  • Become a Resident
  • Events
  • Success Stories
  • Our Team
  • News
  • Contact us

Why Uzbekistan?

Country OverviewPolitical & Economic StabilityGovernment SupportTalented workforceBusiness EnvironmentInfrastructureIT Park Statistics

Explore Opportunities

Set up an IT Outsourcing & BPO businessBenefits for FDI and Site-SelectorsScale program for local companiesFor service-oriented companiesOpen a CompanyBecome a ResidentIT VisaLocal2GlobalZero Risk ProgramBonus SystemVenture CapitalPost-Production
EventsSuccess StoriesOur TeamNewsComplianceContact usUzbekistan 360
Privacy policy
IT Park© 2025 IT Park
YouTubeLinkedInFacebookInstagramTelegram

    Xpence to Establish Office and Obtain IT Park Membership

    Elyor Maksudov, Startup and Investment Development Director at IT Park Uzbekistan, held a meeting with Saad Ansari, CEO of Xpence, and Zain Ansari, Co-Founder of the company. The discussion focused on the prospects for establishing the company's office in Uzbekistan, recruiting local talent, and initiating collaboration with a domestic banking institution.

     

    Xpence is recognized as one of the fastest-growing fintech companies in Saudi Arabia. The company offers integrated solutions tailored to freelancers, startups, SMEs, and corporate clients, combining physical and virtual Visa cards with intelligent financial tools. Key features include automated bookkeeping, real-time expense tracking, invoicing, and advanced financial oversight.

     

     

    During the meeting, the parties explored key avenues for cooperation, including the formal establishment of Xpence’s office in Uzbekistan, recruitment of local professionals, the process of acquiring IT Park membership, and the initiation of a collaboration with a local bank. Particular attention was paid to Uzbekistan’s favorable investment climate and the potential for scaling fintech services across the domestic market.

     

     

    The Xpence delegation commended the supportive conditions for international business operations in Uzbekistan and expressed readiness to launching collaboration in the immediate future. A memorandum of understanding between IT Park Uzbekistan and Xpence is expected to be signed shortly, marking a new chapter in the development of the country’s fintech ecosystem.

     

     

    IT Park remains committed to attracting leading global startups and unlocking new opportunities for the nation's digital economy. The anticipated partnership with Xpence further affirms the growing international interest of in Uzbekistan’s market and reinforces its positioning as a regional fintech hub.

    Latest news

    23 September 2025

    Offshore Outsourcing Conference held in Tashkent with participation of 848 delegates from 87 countries

    23 September 2025

    European companies reached an agreement on joint programs with IT Park Uzbekistan

    22 September 2025

    IT Park Uzbekistan and Palo Alto Networks strengthen collaboration

    22 September 2025

    Personal experience: How I established a company in Uzbekistan in three days and even visited Samarkand

    View all
    eventImage
    26 July 2025

    GBSF 2025 outcomes: Uzbekistan strengthens its status as an IT hub

    Tashkent hosted the Global Business Services Forum 2025 (GBSF 2025), one of the most prominent events of the year in the field of IT outsourcing and digital services. Organized by IT Park Uzbekistan with the support of the Ministry of Digital Technologies, the event convened approximately 450 participants representing 260 companies, including 237 international companies from 40 countries. Among the attendees were representatives of multinational corporations, startups, government agencies, and venture capital funds.

    eventImage
    16 July 2025

    IT Park Uzbekistan and Berlitz strengthen cooperation in talent development

    IT Park Uzbekistan hosted a follow-up meeting between Makhliyo Muksinova, Services Export Development Director at IT Park, and Mr. Wilson Go, President of Berlitz Philippines. The meeting served as a continuation of the dialogue initiated by Abdulakhad Kuchkarov, CEO of IT Park Uzbekistan, and Fortuna Joy de Lara, CEO of Berlitz Philippines and Berlitz Uzbekistan.

    eventImage
    10 July 2025

    IT Park Uzbekistan strengthens cooperation with member companies and supports business scaling

    Representatives of IT Park Uzbekistan held a series of working meetings with member companies — E-LINE PRESS, LEGALMAX CENTRAL ASIA, FINANCIAL CHAIN CORPORATION, and IONE — during which the prospects for further business development, the implementation of new projects, and projected volumes of export services were thoroughly discussed.

    eventImage
    23 September 2025

    Offshore Outsourcing Conference held in Tashkent with participation of 848 delegates from 87 countries

    On 23 September 2025, the Shared Services and Offshore Outsourcing Conference took place at CAEX, organized by IT Park Uzbekistan in partnership with the Ministry of Digital Technologies of Uzbekistan. The conference represented the largest strategic platform dedicated to advancing the export of IT and BPO services from Uzbekistan.

    eventImage
    23 September 2025

    European companies reached an agreement on joint programs with IT Park Uzbekistan

    Representatives of IT Park Uzbekistan, led by CEO Abdulakhad Kuchkarov, held a meeting with a delegation of innovative companies and organizations from Finland, Estonia, and Latvia. During the discussions, the parties reached an agreement to develop joint programs focused on supporting startups, facilitating the exchange of expertise, and engaging European companies in the advancement of Uzbekistan’s IT ecosystem.

    eventImage
    22 September 2025

    IT Park Uzbekistan and Palo Alto Networks strengthen collaboration

    Representatives of IT Park Uzbekistan, led by Makhliyo Muksinova, Services Export Development Director, held a meeting with a delegation from Palo Alto Networks, headed by Kurshad Demiray, Head of Sales for Central Asia. The parties discussed potential models of partnership and agreed to further develop cooperation with companies within the IT Park ecosystem — focusing on the customization and support of Palo Alto Networks solutions, as well as exploring prospects for BPO and reseller models originating from Uzbekistan.

    eventImage
    22 September 2025

    Personal experience: How I established a company in Uzbekistan in three days and even visited Samarkand

    My name is Aleksandr Antipin, and I lead Metabula Games, a development studio specializing in mobile games and IT solutions for business. Recently, I became acquainted with the ecosystem of IT Park Uzbekistan and would like to share my experience. Within just a few days in Tashkent, I successfully registered a company, opened a bank account, obtained a digital signature, and even managed to visit Samarkand — a city with over 2,500 years of history.

    eventImage
    22 September 2025

    International Investment Forum “Khorezm Invest” is taking place in Khorezm

    On 21–22 September of this year, the International Investment Forum “Khorezm Invest” is being held in the city of Khiva, Khorezm region. The forum is organized by the Khorezm Regional Administration, the Ministry of Investments, Industry and Trade, the Ministry of Foreign Affairs, the Ministry of Digital Technologies, and IT Park Uzbekistan. The event brings together international investors, business leaders, representatives of government bodies, and entrepreneurs.

    eventImage
    19 September 2025

    LOTTE INNOVATE interested in IT outsourcing collaboration with IT Park Uzbekistan members

    Representatives of IT Park Uzbekistan, led by Mahliyo Muksinova, Services Export Development Director, held a meeting with a delegation from South Korean company LOTTE INNOVATE. During the negotiations, the parties agreed to foster cooperation in IT outsourcing, the startup ecosystem, IT education, and digital infrastructure.

    eventImage
    19 September 2025

    IT Park Uzbekistan and Plug and Play Tech Center signed a memorandum on strategic cooperation

    The Ministry of Digital Technologies and IT Park Uzbekistan have signed a memorandum of understanding with the global innovation platform Plug and Play Tech Center. The Uzbek delegation was led by Olimjon Umarov, First Deputy Minister of Digital Technologies, and Elyor Maksudov, Startup and Investment Development Director of IT Park Uzbekistan. The Plug and Play Tech Center was represented by Amir Amid Khozoor, Reza Bakhadi, Anastasia Brovkina, and Yui Koda of the Plug and Play GOAL team.