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 structure of the deal ensures Click retains its independence, continues to shape its strategic vision, and remains a proud 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.
