Humo Payment System

Name

Humo Payment System

Legal name

"Milliy banklararo protsessing markazi" AJ

Website

https://humocard.uz

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

National Payment System

SIC

Finance Services (6199)

akta.pro primary industry

Alternative Payment Method (APM) Acquiring (e.g., BNPL, wallets, local methods) (FSAMABAL)

akta.pro secondary industries

mPOS & SoftPOS (Tap-to-Phone) Solutions (FSAMADAB), POS, QR & In-Person Acceptance Infrastructure (Crypto) (FSADAIAI)

Keywords

• National payment system
• Interbank processing
• Contactless payment cards
• POS terminal network
• Card issuing infrastructure

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Interchange and transaction processing fees: HUMO generates revenue through interchange fees and transaction processing fees collected from payments made using HUMO cards at terminals and ATMs across its network. The fee structure is determined by each issuing commercial bank, with card servicing costs varying by card type.
2. Card issuance and servicing: Partner banks issue HUMO cards and set servicing fees based on card type. Some card categories (payroll, social, pension cards) may be issued free of charge under specific programs.
3. Terminal and infrastructure services: The system operates and maintains over 184,000 terminals and 6,400+ ATMs across Uzbekistan, generating revenue through merchant acquiring and payment processing infrastructure services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

HUMO is Uzbekistan's national interbank payment system that operates a domestic card-based payment network. It provides dual-interface (contact and contactless/NFC) payment cards issued through 30+ partner commercial banks, supports PIN-less transactions up to 50,000 soums, and runs an acceptance infrastructure of 184,000+ payment terminals and 6,400+ ATMs across all 14 regions of Uzbekistan, with cross-border interoperability through Mastercard, Visa, UnionPay, and direct partnerships in Kazakhstan and pilot operations in Kyrgyzstan.

Product overview

HUMO is Uzbekistan's national payment system operated by the National Interbank Processing Centre JSC, offering a multi-product portfolio centered on the HUMO dual-interface card. The core product line includes contactless payment cards (standard, transport, student, and family variants), the HUMOPay mobile application for digital wallet and banking services, and 184,000+ POS terminals across Uzbekistan. International reach is enabled through the HUMO International card via Mastercard partnership. The system also offers an online cash register (Online NKM) module for business compliance. HUMO cards work in Kyrgyzstan and Kazakhstan via cross-border interoperability agreements.

Differentiator

Problem solved

Functional benefit

Brands

• HUMOPay: Mobile contactless payment application allowing payments via smartphone using HUMO cards.

Products and services

• HUMO Dual-Interface Card Contactless (NFC) and contact chip payment card accepted across Uzbekistan's 184,000+ terminals and 6,400+ ATMs. Supports PIN-less transactions up to 50,000 soums for contactless payments.
• HUMO Transport Card Specialized card variant for use on public transport, targeting commuters with transit-specific payment functionality.
• HUMO Student Card Card variant designed for students, offered at reduced or no cost under certain project initiatives.
• HUMO Family Card Family-oriented card product enabling shared banking services for household financial management.
• HUMO International Card International payment card enabling HUMO cardholders to make payments at 70+ million acceptance points worldwide through the Mastercard network partnership.
• HUMOPay Mobile Application Mobile banking application enabling cardholders to manage HUMO cards, make payments, view transaction history, and access banking services from a smartphone.
• HUMO Payment Terminals POS terminals deployed across Uzbekistan (184,000+ units) supporting contactless, PIN, and chip transactions. Includes Sunmi P3 flagship terminal with NFC, 4G, Wi-Fi, and eSIM connectivity.
• HUMO Online Cash Register (Online NKM) Automated online cash register system for businesses to manage sales transactions, issue electronic receipts, and comply with tax reporting requirements.
• Asterium x HUMO Crypto Card First HUMO crypto card enabling Bitcoin-related financial services, issued through partnership with Asterium.

Quantifiable outcome

• 3x faster than cash payments — contactless transactions without PIN for purchases up to 50,000 soums
• +5 more outcomes

Named customers20 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Ten partnerships are on record, tiered flagship, core and minor.

• KEY TECH: AI Summit 2026flagshipGTM or Marketing Partner · 30 May 2026HUMO participated as an official partner at the KEY TECH: AI Summit 2026 held at U-Enter Business Center in Tashkent. HUMO contributed to the national AI agenda discussion as part of Uzbekistan's digital transformation strategy.
• Digital Uzbekistan 2026 PLAS ForumflagshipGTM or Marketing Partner · 19 May 2026HUMO served as the National Partner of the Digital Uzbekistan 2026 PLAS Forum, the largest fintech platform in Central Asia. This event positions HUMO as the leading national payment brand in Uzbekistan's financial technology ecosystem.
• MULTICARD (Rahmat)flagshipStrategic or Co-development Partner · 14 January 2026HUMO national payment system and MULTICARD payment organization signed a strategic Memorandum for joint development and implementation of innovative digital solutions in Uzbekistan's financial market. This represents HUMO's flagship fintech partnership for digital innovation.
• Halyk Bank (Kazakhstan)coreChannel Partner/ Reseller/ Distributor · 1 January 2026Halyk Bank launched HUMO payment acceptance in Kazakhstan, enabling HUMO cardholders to make payments in Kazakhstan. This is a key cross-border expansion partnership for the HUMO network.
• Tenge Bank (Kazakhstan)coreChannel Partner/ Reseller/ Distributor · 1 January 2026Tenge Bank launched HUMO payment acceptance in Kazakhstan. Tenge Bank is a 100% subsidiary of Halyk Bank of Kazakhstan, and this partnership enables cross-border acceptance of HUMO cards in Kazakhstan.
• AsteriumflagshipTechnology or Integration · 18 November 2025Asterium and HUMO launched the first crypto card in Uzbekistan at the Bitcoin Pizza Fest event in Tashkent. This partnership introduced the first HUMO crypto card enabling Bitcoin-related financial services.
• Yandex GominorGTM or Marketing Partner · 1 January 2025HUMO partnered with Yandex Go for a New Year promotional campaign offering discounts on Food, Taxi, and Delivery services. This partnership is a co-marketing initiative to drive card usage.
• Samarkand Marathon 2025minorGTM or Marketing Partner · 1 January 2025HUMO sponsored and participated in the Samarkand Marathon 2025 as a partner, demonstrating community engagement and brand presence at national sporting events.
• KapitalbankcoreChannel Partner/ Reseller/ Distributor · 1 January 2024HUMO and Kapitalbank conducted joint promotional campaigns, including the '8 Million' campaign for International Women's Day 2024, to drive card issuance and usage.
• MastercardcoreTechnology or Integration · 14 May 2019Mastercard and the National Interbank Processing Centre (NMPC) partnered to enable HUMO International cards for payments at over 70 million acceptance points worldwide. This integration allows HUMO cardholders to use their cards internationally through the Mastercard network.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Visa: Global card network accepted on HUMO's terminals and whose cards are co-issued by Uzbek banks. Represents the dominant global benchmark for card acceptance, processing economics, and consumer brand power that HUMO competes against domestically.
• Mastercard: Global card network and HUMO's strategic partner since 2019 for HUMO International cards. Serves as both partner and competitive benchmark — Mastercard-branded cards are co-issued by Uzbek banks and accepted on HUMO terminals.
• UnionPay International: China's national card network and a global payments scheme. HUMO terminals already accept UnionPay cards, making UnionPay both an interoperability partner and a benchmark for a state-linked scheme that scaled to global acceptance.
• RuPay (NPCI - National Payments Corporation of India): India's domestic card and payments network operated by NPCI. Comparable to HUMO as a national-scale, government-backed payment scheme achieving deep penetration against global incumbents — a relevant benchmark for HUMO's potential scale trajectory in a smaller economy.
• MIR (National Payment Card System of Russia): Russia's national payment card system operated by NSPK — the largest analog of HUMO globally. Both are state-backed national schemes designed to retain domestic payment volume against Visa/Mastercard; MIR is far larger but provides a direct operating-model benchmark.

Regional players

• Korti Milli (National Payment System of Tajikistan): Tajikistan's national interbank processing center and payment card system. Comparable as a Central Asian national payment infrastructure peer, smaller in scale than HUMO but operating an analogous role in a neighboring market.
• Troy (BKM - Turkey's national payment scheme): Turkey's domestic card payment scheme operated by BKM. Comparable as a national payment system in an emerging market that coexists with global networks while driving domestic card penetration and infrastructure deployment.
• ELVART (National Payment System of Kazakhstan): Kazakhstan's national interbank processing center operating a parallel role to HUMO. Directly comparable as a former-Soviet, state-linked national payment infrastructure now operating in a neighboring market that HUMO is actively expanding into.

Emerging players

• Kaspi.kz: Kazakhstan's super-app combining payments, marketplace, and fintech services. Comparable as a regional fintech/payments player in a neighboring market and a potential model (or competitor) for HUMO's evolution into consumer-facing digital financial services beyond card processing.

Direct peers

• UzCard: Uzbekistan's other national payment system and the most direct competitor to HUMO. UzCard issues payment cards and operates acquiring infrastructure across the same Uzbek market with overlapping bank partnerships and merchant terminals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/humocard

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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 Humo Payment System