Alif, a Central Asian Fintech company that operates as a full-fledged bank in Tajikistan and as an e-commerce and Fintech company in Uzbekistan, has declared a record revenue growth of more than 150% year over year in the 12 months before June 2022.
The total number of Alif users has topped 1 million during the same time frame, representing a 66% increase in users year over year. The most recent growth statistics follow a string of recent business achievements.
Alif now “commands over 50% share of all Visa payments in Tajikistan, a figure that is set to increase further over the next 12 months,” following the launch of Alif Visa cards in September 2021. The overall value of Alif’s assets has increased by 126% to $131 million.
Alif, involved in remittances, has observed a rise in inbound and outbound remittances of 186% and 119%, respectively, year over year. Digital payments saw a 160% rise in turnover.
Abdullo Kurbanov, Firdavs Mirzoev, and Zuhursho Rahmatulloev created Alif in 2014 to provide a range of fintech financial services tailored to the requirements of customers in Central Asia.
Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.