JSC “Maroqand,” which owns the UPay payment system, has been declared bankrupt
The joint-stock company “Maroqand,” which caused a great stir in the fintech market of Uzbekistan, was officially declared insolvent. According to the decision of the Tashkent Interdistrict Economic Court dated February 2, 2026, liquidation proceedings have begun for this company, which owned the popular payment system UPay. This event is seen as a logical continuation…

