Halyk Bank, a national bank of Kazakhstan, has announced the acquisition of a 49% stake in Click, a leading Uzbek fintech company.
The agreement provides for mutual participation of the parties: Halyk Bank will invest USD 176.4 million to acquire a stake in Click, and Click’s shareholders, in turn, will acquire 49% of Tenge Bank, Halyk Bank’s subsidiary in Uzbekistan, for USD 60.76 million.
The cooperation is aimed at strengthening the positions of both companies in the dynamic digital finance market of Central Asia and developing innovative banking and payment services in the region.
Click is the largest fintech platform in Uzbekistan, serving more than 20 million users and is a recognized leader in digital payments and online financial solutions.
