Vol. 1 No. 7 (2026), Articles
Vol. 1 No. 7 (2026)

THE ROLE AND SIGNIFICANCE OF DIGITAL BANKING SERVICES IN REDUCING THE SHADOW ECONOMY

Articles
Published 2026-07-30
Khudayberganov Ruzmamat
Al-Khwarizmi university Students Affairs deparment, senior specialist
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Keywords

shadow economy, digital banking, electronic payments, financial inclusion, tax compliance, cashless economy, fintech, economic formalization, money laundering, transparency.

How to Cite

Khudayberganov Ruzmamat. (2026). THE ROLE AND SIGNIFICANCE OF DIGITAL BANKING SERVICES IN REDUCING THE SHADOW ECONOMY. INTERNATIONAL MULTIDISCIPLINARY SCIENCE CONFERENCE, 1(7), 103-108. https://doi.org/10.5281/zenodo.21697244
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Abstract

This thesis examines the role and significance of digital banking services in reducing the shadow economy. The mechanisms through which digital payments, electronic transactions, and financial technology contribute to economic formalization are analyzed and practical recommendations for expanding digital banking infrastructure are developed based on international experience.

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References

1. International Monetary Fund. Shadow Economies Around the World: What Did We Learn Over the Last 20 Years? IMF Working Paper, 2018.

2. World Bank. Digital Financial Services and Economic Development. Washington, 2023.

3. Schneider F., Buehn A. Shadow Economy: Estimation Methods, Problems, Results and Open Questions // Open Economics. 2018. Vol. 1. P. 1-29.

4. Financial Action Task Force. Digital Financial Services and Financial Inclusion. FATF Guidance, 2023.

5. Central Bank of Uzbekistan. Payment Systems Development Report 2024. Tashkent, 2024.