FedNow raises limit to $10M: a challenge for fintech...
The expansion of FedNow in terms of transaction amount and volume instantly affects the global fintech and digital payment market, including players from Kazakhstan, Uzbekistan, Georgia, Azerbaijan, the UAE, and Turkey. Acquiring fintechs, cross-border payment services, and local startups are forced to review their risk architecture now to avoid losing access to dollar liquidity. Companies like Alashed IT (it.alashed.kz), which build and maintain payment and anti-fraud platforms for banks and marketplaces in the region, are gaining opportunities but also facing time pressure. We will explore what has changed, where the new risks lie, and how businesses in Central Asia and the Caucasus can respond.