Nazokat Rashidova: Authorized Capital Is the Foundation of a Reliable Business

Fintech company Freedom Pay is strengthening its position in the Uzbek market by building its own ecosystem of payment and digital solutions for businesses. The focus is on technological advancement, process transparency and sustainable growth.

As the company prepares to increase its authorised capital, CEO Nazokat Rashidova spoke about Freedom Pay’s business focus, strategic plans, and upcoming changes in capital structure.

Freedom Pay is expanding its presence in Uzbekistan’s fintech sector. Can you tell us more about the company’s operations?

Freedom Pay has been offering comprehensive fintech solutions for businesses for over ten years. More than 250 professionals from Uzbekistan, Kyrgyzstan and Kazakhstan work to make financial operations as convenient, fast and secure as possible.

We are building a technological infrastructure that connects users with banks, marketplaces, government portals, and other digital ecosystems.

We’re not just developing payment products — we’re creating a financial platform that meets market needs and is ready for the challenges of tomorrow.

What areas of business are strategic for Freedom Pay?

Our core focus is the development of a highly secure payment platform. We implement anti-fraud systems, comply with international compliance standards and offer businesses user-friendly integration solutions.

Our goal is for our clients and partners to grow and succeed by using our solutions, and to grow together with us.

Freedom Pay recently joined the Central Asian Fintech Association (CAFA). What does this membership mean for the company?

We view joining CAFA as a strategic move. The association brings together fintech players from across Central Asia and provides a platform for dialogue and regional cooperation.

Participation offers access to a professional community, joint projects and best practices in fintech and digital innovation.

In early June, you spoke at the E-GATE conferences in Dushanbe and Bishkek, supported by the World Bank. What insights did you gain from the experience?

It was a very valuable and inspiring experience. We’re honoured to be invited to participate in events of this caliber, it shows that our fintech expertise is being recognized.

It’s important for us to take part in shaping the dialogue on the future of the digital economy in Central Asia. The E-GATE conferences offer that opportunity.

The countries in our region face common challenges and strive for shared goals, developing secure digital environments, supporting small businesses, and creating conditions for e-commerce.

We’re ready to contribute, by sharing our experience, proposing solutions, and participating in collaborative initiatives.

On July 1, Uzbekistan enacted a new regulation raising the minimum authorized capital for payment organizations from 10 bn to 20 bn soums. How is Freedom Pay preparing for this change and what stage is the process at now?

We have officially registered an increase in our authorised capital to 20 bn soums through an additional share issuance.

We fully understand the Central Bank’s consistent approach as the regulator of the country’s financial and banking sectors. We realise that these measures are aimed at strengthening the financial infrastructure, market stability and transparency.

Increasing authorised capital is not just a formality, it’s a key element of Freedom Pay’s long-term strategy. We are entering a new phase of development, and strengthening our financial base is a natural next step.

Interest in our services from partners and clients continues to grow. To scale our operations and maintain a high level of responsibility, we are enhancing internal processes and attracting additional resources to meet their expectations.

What are the company’s short-term goals?

We continue to improve our products, making them more convenient, faster, and safer. Our priorities are user experience and a reliable technological foundation.

We also plan to expand our range of services and actively participate in building the fintech ecosystem in Uzbekistan and across the region. Sustainable growth is only possible through cooperation between businesses, regulators and all market participants.

What would you like to say to your clients and partners?

To express our gratitude for your trust, Freedom Pay remains your reliable partner in the field of digital finance. We operate transparently, strictly comply with regulatory requirements and are open to dialogue with all market participants.