UPay owner Maroqand declared bankrupt as court orders liquidation
The Tashkent Interdistrict Economic Court has declared Maroqand Joint-Stock Company, the owner of the UPay payment system, insolvent and has initiated liquidation proceedings. According to the court’s ruling issued on 2 February 2026, Maroqand JSC was officially recognized as bankrupt due to its inability to meet financial obligations. The decision launches a formal process to…

