BAKU, Azerbaijan, July 21. China's China
Electronic Financial Equipment Systems (CFES) is exploring
opportunities to establish the production of automated teller
machines (ATMs), payment terminals and other financial technology
equipment in Uzbekistan, as the company seeks to expand cooperation
with the Central Asian country's electronics industry.


This was reflected in the statement by the Uzeltexsanoat.


A CFES delegation led by Chairman Hu Dan visited Uzbekistan's
Uzeltexsanoat Association, where it held talks with Chairman
Mirziyod Yunusov on prospects for bilateral cooperation in advanced
financial technologies and manufacturing.


The discussions focused on developing mutually beneficial
partnerships and assessing opportunities to jointly manufacture
financial technology equipment in Uzbekistan, including computing
technologies for financial services, payment kiosks and other
high-tech products.


"The parties discussed issues related to developing mutually
beneficial cooperation, including prospects for jointly
manufacturing computing technologies for financial services,
payment terminals and other advanced technological products in
Uzbekistan," Uzeltexsanoat said.


The potential investment reflects Uzbekistan's broader efforts
to localize the production of high-value technology products while
attracting foreign manufacturers with advanced expertise. Expanding
domestic production of financial equipment is expected to support
the country's ongoing digital transformation, particularly as
demand for electronic payment infrastructure continues to grow.







CFES is one of China's leading providers of integrated
technology solutions for the internet, telecommunications and
information technology sectors. The company manufactures a wide
range of financial equipment, including ATMs, cash recycling
systems, high-speed payment terminals, virtual teller machines
(VTMs) and artificial intelligence-powered banking solutions.


According to the company, its products are used in more than 100
countries and regions worldwide, underscoring its established
presence in the global financial technology market.


"The meeting provided an opportunity to exchange views on
expanding cooperation and introducing modern financial technologies
through joint manufacturing projects," the association said.


CFES reported annual revenue of approximately $1.2 billion in
2025, highlighting its position as a major global supplier of
financial equipment. If realized, the proposed cooperation could
strengthen Uzbekistan's electronics manufacturing capabilities
while supporting the country's ambitions to become a regional hub
for advanced industrial production and digital technologies. The
initiative would also contribute to the modernization of
Uzbekistan's financial infrastructure by expanding access to
locally manufactured banking and payment equipment.