TBC Uzbekistan

What TBC Uzbekistan does

TBC Uzbekistan is a mobile-first digital banking ecosystem and the largest digital bank in Uzbekistan, operating as a wholly-owned subsidiary of London-listed TBC Bank Group PLC since its founding in 2020. The company serves 23 million registered users (approximately 6 million monthly active) exclusively through its TBC UZ mobile application and the TBC Business web platform, with no physical branches and only TBC nuqtalari service points for card pickup and support. Core products include consumer debit cards (TBC Salom), credit cards (TBC Osmon) with up to 50M UZS limits, virtual cards, microloans up to 100M UZS with 1-minute AI-powered decisioning, savings deposits, and an SME banking platform offering business loans up to 600M UZS and subscription tiers (170K-600K UZS/month).

The platform architecture combines AI-powered credit scoring, voice-enabled service bots, AI-driven collections and sales agents (delivered through the Acclaim platform), NLP-based chatbots, and real-time fraud detection, with OneID digital onboarding reducing account opening from days to seconds. The ecosystem extends beyond core banking through wholly-owned subsidiaries including Payme (payments), TBC Nasiya (BNPL), TBC Sug'urta (insurance), BILLZ (retail management SaaS acquired 2025), and the recently acquired OLX Uzbekistan, supported by international remittance partnerships with MoneyGram and Ria.

TBC Uzbekistan generates revenue primarily from interest income on its lending portfolio (microloans, consumer credit, SME loans), supplemented by payment transaction fees (TBC processes approximately 20% of all national transactions, $9.2B in 2025), subscription fees from TBC Business tiers, and net interest margins on deposits ($549M deposit base). In 2025 the company reported $252M in revenue (up 65% YoY) and $46M in net profit, with management targeting 10M MAU, a $3B+ loan book, and $250M net profit by 2030, representing 25% of TBC Bank Group's projected profits.

Name

TBC Uzbekistan

Legal name

ATB TBC BANK

Website

https://tbcbank.uz

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

TBC Uzbekistan is the largest mobile-first digital bank in Uzbekistan, serving 23 million users with consumer and SME lending, payments via Payme, and an integrated ecosystem including insurance, BNPL, and retail SaaS, processing ~20% of national transactions.

Ownership category

akta.pro rank

Product category

Digital Banking

NAICS

Depository Credit Intermediation (5221), Credit Card Issuing (52221), Sales Financing (52222)

SIC

State Commercial Banks (6022), Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

BNPL Consumer Apps & Wallets (Discovery, Management) (FSAGAIAG)

Keywords

• Digital banking services
• Mobile banking platform
• SME lending
• Consumer microcredit
• Payment services

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Interest Income from Lending: The primary revenue stream comes from interest earned on microloans (up to 100M UZS), consumer credit cards (up to 50M UZS limit), and SME lending products. Credit portfolio grew 41% to 11.4 trillion soums in 2025, with loan issuances of $946 million.
2. Subscription Fees (TBC Business): TBC Business offers two subscription tiers: Business at 170,000 UZS/month and Business Pro at 600,000 UZS/month. These provide fee-free transfers, bulk payment capabilities, and unlimited budget payments.
3. Deposits and Savings: Customer deposits generate revenue through lending. Deposits grew 38% to 6.68 trillion soums in 2025. Interest paid on deposits ranges from 13% annually for 'Odat' accounts to up to 24.35% annualized effective rate for term deposits.
4. Payment Transaction Fees: Revenue from payment flows totaling $9.2 billion in 2025, processing approximately 20% of all national transactions in Uzbekistan. International money transfers via MoneyGram and Ria partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

TBC Uzbekistan (legal entity ATB TBC BANK) operates Uzbekistan's first and largest mobile-only digital bank, delivering consumer and SME banking products exclusively through the TBC UZ mobile application and TBC Business web platform. Core offerings include debit and credit cards (TBC Salom, TBC Osmon, TBC Virtual), personal micro-loans up to 100M UZS with one-minute AI-driven decisions, savings and term deposits, business banking with SME lending up to 600M UZS, digital payroll, international remittances via MoneyGram and Ria, plus ecosystem extensions including Payme payments, TBC Nasiya BNPL, TBC Sug'urta insurance, and BILLZ retail SaaS.

Product overview

TBC Uzbekistan operates as a digital banking ecosystem combining a mobile-first banking platform with multiple integrated financial services. The core offering centers on the TBC UZ mobile app providing TBC Salom (debit cards in Visa/Humo), TBC Osmon (credit card with Mastercard), TBC Virtual and Visa Virtual (virtual cards), TBC Kredit (personal loans), and TBC Omonat (deposits). The TBC Business platform extends services to SMEs with business accounts, credit up to 600M UZS, and digital payroll. The ecosystem also incorporates Payme (payment app with 23M users), TBC Nasiya (installment payments), TBC Sug'urta (insurance), and acquired retail management platform BILLZ. Supporting features include TBC Stars loyalty program, TBC Do'stlar referral system, international remittances via MoneyGram/Ria, and AI-powered voice agents for customer service and collections.

Differentiator

Problem solved

Functional benefit

Brands

• TBC Salom: Debit card with cashback, bonuses, and fee-free transfers
• TBC Osmon
• TBC Virtual
• TBC Visa Virtual
• TBC Business
• TBC Kredit
• TBC Omonat
• Payme
• TBC Nasiya (Payme Nasiya)
• TBC Sug'urta
• BILLZ
• TBC Stars
• TBC Do'stlar
• TBC Biznes Trening

Products and services

• TBC Salom TBC Salom is a debit card offered in Visa and Humo payment systems providing 1% cashback on all purchases, 5% cashback at partner merchants, fee-free transfers and ATM withdrawals up to 10M UZS monthly, 12% annual interest on balances above 100,000 UZS, and benefits such as airport lounge access and Fast Track service.
• TBC Osmon TBC Osmon is a Mastercard credit card for individual consumers offering up to 55 days interest-free period on purchases, a credit limit up to 50M UZS, and premium travel perks including LoungeKey airport lounge access and Fast Track service.
• TBC Virtual TBC Virtual is a digital debit card in Uzcard and Humo payment systems stored inside the TBC UZ mobile app, enabling online purchases, QR payments via Payme, and card-to-card transfers without issuing a physical card.
• TBC Visa Virtual TBC Visa Virtual is a dollar-denominated virtual card designed for international online purchases, toppable from any card using the bank's prevailing exchange rate with no commission for currency conversion.
• TBC Kredit TBC Kredit is an online personal micro-loan product for individual consumers offering credit up to 100M UZS, with annual interest rates from 28% to 49%, terms of 3 to 36 months, no collateral or guarantors, and AI-driven 1-minute credit decisions.
• TBC Omonat TBC Omonat is a savings and deposits product offering the Odat demand deposit at 13% annual, UZS term deposits up to 20% annually, USD term deposits at 5.5-6.5%, with capitalization options and partial withdrawals allowed down to 100,000 UZS.
• TBC Business TBC Business is a digital banking platform for SMEs offering business account opening in 3 minutes without ERI requirements, business credit up to 600M UZS, digital payroll processing 24/7, unified QR payment acceptance, bulk transfers, and monthly subscription tiers (Business at 170,000 UZS and Business Pro at 600,000 UZS).
• TBC Business Credit TBC Business Credit is an online business loan for SMEs offering up to 600M UZS, with annual interest rates of 33-38%, terms of 3-36 months, no collateral or guarantor requirements, same-day funding, and document-free application.
• International Remittances International Remittances is a money transfer service offered through the TBC UZ app via MoneyGram and Ria, enabling cross-border send and receive to over 160 countries with favorable exchange rates.
• Payme Payme is a digital payment application and payment processing infrastructure fully acquired by TBC Bank Group in 2023, functioning as the core payment rail inside the TBC Uzbekistan ecosystem and supporting over 23 million users.
• TBC Nasiya TBC Nasiya is a buy-now-pay-later and installment payment solution for consumers, integrated into the TBC Uzbekistan digital banking ecosystem.
• TBC Sug'urta TBC Sug'urta is the insurance arm of TBC Uzbekistan offering insurance products including optional credit life insurance in partnership with Apex Life.

Quantifiable outcome

• 1-minute average credit decision time
• +7 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability7 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and growth.

• Acclaim (formerly Aiphoria)coreTechnology or Integration · 31 March 2026AI-powered voice-first customer experience platform. TBC Uzbekistan uses AI agents to handle 90% of early-stage delinquency calls and approximately 100,000 monthly sales interactions. Acclaim announced $34M Series A funding round alongside US market entry.
• BILLZgrowthStrategic or Co-development Partner · 12 March 2026Retail management SaaS platform acquired by TBC Digital as part of ecosystem expansion. Enables merchants with point-of-sale, inventory, and business management capabilities integrated with TBC Business.
• OLX UzbekistangrowthStrategic or Co-development Partner · 21 August 2025Acquisition of OLX Uzbekistan as part of strategic expansion of the digital ecosystem, following the earlier acquisition of retail management SaaS platform BILLZ.
• MoneyGramcoreChannel Partner/ Reseller/ Distributor · 1 January 2024International money transfer service enabling cross-border remittances. TBC UZ app supports receiving and sending international transfers through MoneyGram network.
• Ria Money TransfercoreChannel Partner/ Reseller/ Distributor · 1 January 2024International money transfer service available through TBC UZ app, enabling cross-border remittances to/from over 160 countries.
• PaymecoreStrategic or Co-development Partner · 4 April 2023Uzbekistan-based payment app, part of TBC Uzbekistan digital ecosystem. TBC Bank Group acquired 51% stake in 2019 and completed full acquisition in 2023. Reorganized in March 2026 with spin-off creating TBC Tech for technology centralization.

Scale indicators19 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Kaspi.kz: Kazakhstan's leading digital super-app combining payments, marketplace, and consumer/SME banking. Closest functional peer given Central Asian geographic and regulatory parallels, mobile-first consumer model, and integrated fintech ecosystem spanning lending, payments, and commerce.
• TymeBank: South African digital-first retail bank targeting underbanked consumers with mobile onboarding and AI-driven credit. Highly comparable on emerging-market, mobile-only, mass-market consumer banking with similar velocity of customer acquisition and product diversification.
• Tinkoff (T-Bank): Russia's largest digital-only bank offering consumer credit, payments, and SMB banking through a mobile-first platform. Directly comparable on AI-driven credit decisioning, ecosystem of financial products, and branchless operating model at scale.
• Nubank: Latin America's largest digital bank with mobile-first consumer credit cards, deposits, and loans. Comparable on emerging-market digital banking scale, AI-led automation, public-market validation, and high-growth consumer/SME expansion playbook.
• Kakao Bank: South Korean mobile-first digital bank known for instant onboarding, AI-driven underwriting, and ecosystem integration (KakaoTalk). Comparable on mobile-only distribution, consumer/SME lending focus, and rapid scale to tens of millions of customers.
• WeBank: China's largest digital-only bank backed by Tencent, serving consumers and SMEs via a mobile platform with AI-driven credit decisioning. Closely comparable on cloud-native stack, ecosystem partnership model, and high-volume small-ticket lending.
• Starling Bank: UK digital challenger bank offering mobile-first consumer and SME banking with subscription services for businesses. Comparable on branchless digital model, SME subscription tier offering, and AI-enabled automation across lending and servicing.

Regional players

• MyBank: Uzbek digital banking platform with mobile-first services targeting retail and SME customers. Comparable as a domestic competitor in Uzbekistan's emerging digital banking market with overlapping customer segments and product offerings.

Broad incumbents

• Kapital Bank: One of Uzbekistan's largest commercial banks offering a broad retail, SME, and corporate banking portfolio. Comparable as a traditional incumbent competitor that TBC is disrupting via digital distribution and instant credit decisioning.
• TBC Bank Group PLC (parent): London-listed parent group operating TBC Bank in Georgia and consolidating TBC Uzbekistan within its digital ecosystem strategy. Directly relevant as the listed holding entity exploring an Uzbekistan IPO and providing shared capital, technology, and governance infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/TBCBankuz
• Facebookfacebook.com/tbcbankuz
• LinkedInlinkedin.com/company/tbcbankuz
• Instagraminstagram.com/tbcbankuzbekistan
• Xx.com/TBCUZ

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds11 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TBC Uzbekistan