Click, Uzbekistan’s leading digital payments company, and Halyk Bank, the largest financial group in Central Asia, have entered a landmark strategic partnership valued at $237mn — the largest private sector transaction in Uzbekistan’s history.
As part of the deal, Halyk Bank will acquire a 49% stake in Click for $176.4mn. Simultaneously, Click’s shareholders will purchase a 49% stake in Tenge Bank, Halyk’s wholly owned subsidiary in Uzbekistan, for $60.76mn. While both institutions will remain legally independent, the partnership is designed to foster close cooperation between two of the region’s most dynamic financial players.
The transaction aims to accelerate digital innovation and broaden access to financial services across Uzbekistan. It also signals growing international investor confidence in Uzbekistan’s private sector and fintech ecosystem.
“This is a historic moment for Click,” said Ulugbek Rustamov, CEO of 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.”
With more than 20mn registered users, Click has emerged as a dominant force in Uzbekistan’s digital economy. Its Super App integrates services ranging from payments and insurance to delivery, car maintenance, and charitable giving. The company posted revenue growth of 35.3% and profit growth of 37.5% in 2024.
Tenge Bank, meanwhile, has rapidly grown its presence in Uzbekistan, serving retail and corporate clients through advanced digital tools. As of March 31, 2025, the bank had total assets exceeding UZS 7.7 trillion ($613.3mn) and a loan portfolio of over UZS 4.5 trillion ($358.4mn). It was the first bank in the country to launch fully digital onboarding and lending for entrepreneurs.
Through the partnership, Click’s users will gain access to modern banking services from Tenge Bank, while more than 70,000 businesses using Click will be able to integrate with Tenge’s full suite of corporate banking products. Together, the companies aim to build a seamless ecosystem that merges fintech and traditional banking for both consumers and businesses.
The deal will proceed in full compliance with regulatory frameworks in Uzbekistan and Kazakhstan. Both parties are preparing the necessary documentation and expect the approval process to be efficient given the independent operational structures of Click and Tenge Bank.
Founded as a digital payment provider, Click has evolved into Uzbekistan’s foremost fintech super app. The company holds Payment Institution License No. 1 and is PCI DSS 4.0 certified. Click is also active in AI innovation, green energy, and social impact initiatives such as Yashil Meros and Inson Uchun.
A subsidiary of Halyk Bank, Tenge Bank offers a wide range of financial services across retail, SME, and corporate sectors. It has been recognized with multiple international awards, including Best Bank in Uzbekistan (Global Finance) and Best Corporate Bank (Global Banking & Finance Awards). It holds a Moody’s credit rating of Ba3, in line with Uzbekistan’s sovereign rating.
Headquartered in Kazakhstan, Halyk Bank is the region’s largest financial group with a footprint across Kazakhstan, Georgia, and Uzbekistan. With KZT 18.9 trillion ($35.6bn) in assets and 542 branches, Halyk offers services in banking, insurance, leasing, asset management, and more.
Follow Daryo's official Instagram and Twitter pages to keep current on world news.
Comments (0)