THE IMPACT OF DIGITAL PAYMENT SYSTEMS AND FINTECH TECHNOLOGIES ON THE ECONOMY

This paper explores the transformative role of digital payment systems and fintech technologies in the modern economy, focusing on their influence on economic activity, financial inclusion, fiscal transparency, and technological modernization. It analyzes the rapid development of fintech services and mobile payment systems in Uzbekistan, highlighting their role in accelerating financial transactions and expanding public access to financial services. Simultaneously, the study draws attention to pressing challenges such as cybersecurity risks, low financial literacy, technological inequality, and emerging monopolistic threats. Real-world data and recent national developments are examined, and strategic recommendations are offered for sustainable growth in this critical sector.