Halyk Bank acquires a stake in Click for $176.4 million

Click, the leading payment organization in Uzbekistan, and Halyk Bank, the largest financial group in Central Asia, have announced the conclusion of a strategic partnership, which has become the largest deal in the history of Uzbekistan's private sector.

According to the terms of the agreement, Halyk Bank acquires a 49% stake in Click for $176.4 million, while Click's shareholders, in turn, will acquire a 49% stake in Tenge Bank for $60.76 million. The deal structure allows the parties to work in close partnership while maintaining their status as independent legal entities.

The partnership between Click and Halyk Bank's Uzbek subsidiary — AKB Tenge Bank — opens up new opportunities for providing advanced financial services in the Uzbek market.

Investments of this scale reflect a high level of confidence in the country's financial system and its participants, as well as significant potential for digital transformation at the regional level.

With more than 20 million registered users, Click already holds a leading position in Uzbekistan's digital economy. Tenge Bank, in turn, is actively expanding its market presence, offering a wide range of banking services on competitive terms, with a focus on digitalization and accessibility.

Click will continue to operate in the format familiar to millions of users. Click's Super App strategy, which integrates various club products and partner mini-applications into the app, has already demonstrated a high level of effectiveness for both users and businesses. Tenge Bank will also continue to develop various retail and corporate banking products.

As part of the synergy between the companies, more than 20 million Click users will gain access to attractive and modern offers from Tenge Bank. Major projects will also be implemented in the B2B sector: more than 70,000 services collaborating with Click will gain access to corporate banking products. This will create a unique system for entrepreneurs, where payment and banking solutions are integrated into a single digital environment.

The partnership will become an important factor in strengthening the positions of Uzbekistan's private sector on the international stage and will make a significant contribution to the development of the investment climate in Central Asia.