TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, announces the launch of TBC Business, the first fully digital banking service for small and medium-sized enterprises (SMEs) and individual entrepreneurs in Central Asia’s most populous nation.  

In line with its successful track record as Uzbekistan’s largest fully digital retail bank, TBC is expanding its reach with an offering for SMEs and individual entrepreneurs. This move is part of a wider strategy to expand TBC’s product offering, tap into new customer segments and add new revenue streams. The TBC Business product suite was developed with the vision of making transactional banking simple, fast and user-friendly, enabling Uzbekistan's SMEs to take care of all of their banking and related needs without having to visit physical branches. 

Nika Kurdiani, CEO of TBC Group operations in Uzbekistan, commented: “With the launch of TBC Business, we are redefining what it means to bank as an SME or entrepreneur in Uzbekistan. This product embodies our commitment to driving innovation and creating customer-centric solutions tailored to the unique needs of businesses. By offering the first fully digital business banking service in the country, we aim to empower SMEs with seamless and efficient tools that enable them to focus on business development and growth rather than administration. The launch of TBC Business is a major step toward transforming the financial landscape for entrepreneurs across Uzbekistan, which will contribute to driving economic growth.”

TBC Business leverages both TBC Uzbekistan’s existing technological infrastructure and the country’s data-rich government services to offer a unique, totally paperless and hassle-free onboarding process. Businesses can open an account in under 3 minutes and do not need to provide any documentation, with all references and checks taking place automatically. The new platform also offers 24/7 payment services, one-click experiences for utility payments and government services, instant payments with automated templates, team account management and other features.

Uzbekistan is a rapidly growing market, with a population of 37 million, of which 59% are under 30, driving significant demand for digital financial services. As the largest digital banking player in the country, TBC Uzbekistan is well-positioned to capitalise on Uzbekistan's growing and digitally savvy market. Its ecosystem, which is part of London-listed TBC Bank Group, includes TBC Bank Uzbekistan (TBC UZ), a mobile-only bank; Payme, a digital payments app for individuals and small businesses; and Payme nasiya (Payme instalments), a fast-growing instalment credit business.