Tashkent, July 23, 2025 – Click, Uzbekistan’s leading payment services provider, and Halyk Bank, largest financial group in Central Asia, have announced a strategic partnership that marks the largest-ever private sector transaction in Uzbekistan’s history.

Under the terms of the agreement, Halyk Bank will acquire a 49% equity stake in Click for USD 176.4 million. In parallel, Click’s shareholders will acquire a 49% stake in Tenge Bank, Halyk’s wholly owned Uzbek subsidiary, for USD 60.76 million. The structure of the deal enables the parties to work in close collaboration while maintaining full legal independence.

This partnership opens up new opportunities to deliver cutting-edge financial services across Uzbekistan. The scale of investment reflects deep confidence in the country’s financial system and its key market players, as well as the significant potential for digital transformation across the region.

With over 20 million registered users, Click has established itself as a market leader in Uzbekistan’s digital economy. Tenge Bank, meanwhile, is rapidly expanding its market presence, offering a broad range of competitive banking products with a strong focus on accessibility and digital innovation.

“This is a historic moment for Click. Partnering with Halyk Bank and expanding our capabilities through Tenge Bank represents a major step forward in delivering world-class digital financial services to millions of users,” said Ulugbek Rustamov, CEO of Click. “At the same time, the controlling stake in Click remains with the current shareholders, and, without a doubt, the company continues on its path as a national brand.”

Click will continue to operate as usual for its millions of users. The company’s Super App strategy – bringing together its own and partner services including payments, insurance, delivery, car maintenance, and charitable initiatives – has already demonstrated strong results for both consumers and businesses. Tenge Bank will likewise continue to develop a diverse suite of retail and corporate banking products.

Through this strategic synergy, Click’s 20+ million users will gain access to competitive and modern financial solutions from Tenge Bank. On the B2B side, over 70,000 service providers currently working with Click will benefit from access to a full range of corporate banking services. Together, the companies aim to create a seamless, integrated digital ecosystem that combines banking and payment solutions for entrepreneurs and businesses.

This partnership is expected to further strengthen Uzbekistan’s private sector on the international stage and contribute meaningfully to Central Asia’s evolving investment landscape.

The transaction will be carried out in full compliance with the regulatory frameworks of both Uzbekistan and Kazakhstan. The parties are preparing the necessary documentation and will work closely with the relevant authorities to secure the required approvals. As both entities will maintain operational and legal independence, the approval process is expected to proceed efficiently.

About Click

Click is Uzbekistan’s leading fintech company, serving more than 20 million users and holding a dominant position in the digital payments market. In 2024, Click transitioned into a super app, integrating a wide array of proprietary and partner services – from payments and insurance to logistics, car services, and philanthropy. Click holds Payment Institution License No. 1, is PCI DSS 4.0 certified, and actively invests in AI, green energy solutions, and social initiatives such as Yashil Meros and Inson Uchun.

About Tenge Bank

Tenge Bank JSCB is a universal bank offering a broad range of financial services to large and medium-sized corporate clients, small and micro businesses, as well as retail clients, using cutting-edge banking technologies. It is currently a 100% subsidiary of JSC Halyk Bank. As of 31 March 2025, Tenge Bank's total loan portfolio under IFRS exceeded 4.5 trillion Uzbek som, and total assets under IFRS exceeded 7.7 trillion Uzbek som. In 2024, Tenge Bank was the first in the country to launch digital onboarding and digital lending for entrepreneurs.

The bank has a credit rating from Moody's international rating agency on par with the sovereign rating of Uzbekistan – Ba3, the outlook is Stable.

In 2024, Tenge Bank was recognized as the Best bank in Uzbekistan by Global Finance, and also received the awards for Best Corporate Bank in Uzbekistan from Global Banking & Finance Awards, as well as Most Innovative Digital Lending Products for Individual Entrepreneurs and Best Foreign Bank from International Finance.

About Halyk Bank

Halyk Bank is Kazakhstan’s leading financial group, operating across retail, SME, and corporate banking, insurance, leasing, brokerage, asset management, and lifestyle services. Listed on the Kazakhstan Stock Exchange since 1998, the London Stock Exchange since 2006, and the Astana International Exchange since 2019, Halyk Bank is the country’s largest lender with total assets of KZT 18,855.9 billion as of March 31, 2025. It serves one of the largest customer bases in Kazakhstan and has the country’s most extensive branch network, comprising 542 branches and outlets. Halyk Bank also has a presence in Georgia and Uzbekistan.

Media Contacts:

Montfort click@montfort.london
Gulnoza Davletmendova davletmendova.g@corp.click.uz, +998 94 888 14 70