TASHKENT, Uzbekistan, October 22. TBC Bank Uzbekistan (the country’s largest mobile-only bank) announced its long-term strategic partnership with Visa, the bank told Trend.
This collaboration aims to enhance and expand TBC Bank Uzbekistan’s global payments and money transfer infrastructure.
The partnership with Visa lays the groundwork for introducing Visa cards and additional payment solutions via Visa Direct, a payments platform enabling fast domestic and international fund transfers, broadening the payment options available to TBC’s customers, and further improving their online shopping, international purchases, and money transfer capabilities.
“Our partnership with Visa marks a significant milestone in our journey to provide innovative, modern, and user-friendly financial services in Uzbekistan. The launch of new Visa products at TBC Uzbekistan will not only expand the payment and money transfer options for our customers but also provide them with a secure and convenient way to manage their finances, both at home and abroad. We are committed to delivering the best-in-class digital banking experience, and this collaboration is a testament to our dedication to innovation and customer satisfaction,” the CEO of TBC Uzbekistan Nika Kurdiani said.
TBC Bank Uzbekistan plans to begin issuing Visa cards, empowering seamless online shopping, including on global marketplaces like Amazon, and offering the convenience of using bank cards domestically and internationally. The bank’s customers will also have access to a suite of loyalty scheme rewards, such as cashback bonuses and others. The Visa cards will be integrated into the existing suite of products available via the TBC Uzbekistan digital ecosystem, which in addition to TBC Bank Uzbekistan also includes Payme (a digital payments app for individuals and small businesses) and Payme Nasiya (Payme Instalments), an installment credit business.
“We are delighted to partner with TBC in Uzbekistan, Central Asia’s largest country by population, marked by incredible demand for modern digital financial services. Like TBC, we have operated in this country for years and are delighted that this collaboration is set to unlock new Visa card products and Visa Direct to millions of people, increasing their choices and widening opportunities for them to make international and domestic payments,’’ Visa’s Senior Director, Head of Strategic Partnerships in Ukraine, Georgia, CIS, and South-East Europe Yevgen Lisnyak noted.
TBC Bank Uzbekistan is a subsidiary of London-listed TBC Group, operating via physical and digital channels in Georgia. The bank is also a part of Uzbekistan’s leading digital financial ecosystem, which also contains Payme, a digital payments app for individuals and small businesses, Payme Nasiya (Payme Instalments), an installment credit business, and a fast-growing installment credit business.
