Innovation science and technologiy Volume 1 Issue 11 (2025)
EXPANDING THE FINANCIAL CAPABILITIES OF LOW-INCOME FAMILIES THROUGH DIGITAL FINANCIAL SERVICES
Bauyetdinov M.J., Djumamuratova, Xurliman
Abstract
the active digitalization of the financial sector in Uzbekistan creates significant opportunities for increasingfinancial inclusion and strengthening the economic resilience of low-income families. The development of digital financialservices is becoming a key tool for poverty reduction, as digital technologies reduce transaction costs, provide accessto financial instruments, improve financial literacy, and support the development of family entrepreneurship. Thisarticle examines the theoretical foundations of digital financial services, the mechanisms by which they influence thefinancial empowerment of low-income families in Uzbekistan, and analyzes international experience that can be adaptedto national conditions. The study draws on data from Global Findex, the Central Bank of Uzbekistan, the Ministry ofDigital Technologies, and international organizations, demonstrating real trends in the development of digital financialinfrastructure. The findings confirm the strategic importance of digital financial services in increasing financial inclusion,strengthening household economic self-sufficiency, and reducing poverty in the country
digital financial services, financial inclusion, low-income families, fintech, mobile payments, online banking, digital wallets, microfinance, digital economy, financial literacy
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