TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, has launched TBC Business—the first fully digital banking service for small and medium-sized enterprises (SMEs) and individual entrepreneurs in Uzbekistan. This milestone marks a significant step toward enhancing financial inclusion and innovation in the country’s dynamic business landscape.
Building on its success as Uzbekistan’s largest fully digital retail bank, TBC is broadening its offerings to serve the unique needs of SMEs and entrepreneurs. The initiative aligns with TBC’s strategy to diversify its product portfolio, attract new customer segments, and unlock additional revenue streams.
Redefining Business Banking
Nika Kurdiani, CEO of TBC Group operations in Uzbekistan, shared insights on the launch:
“With TBC Business, we are revolutionizing SME banking in Uzbekistan. This innovative product reflects our dedication to creating customer-focused solutions that simplify banking for entrepreneurs. By offering the country’s first fully digital business banking platform, we aim to empower SMEs with efficient tools to focus on growth, not paperwork. This initiative is a crucial step in fostering economic development and supporting entrepreneurs in Uzbekistan.”
Innovative Features for Businesses
TBC Business simplifies banking with a paperless onboarding process. Businesses can open an account in less than three minutes, with no documentation required. Leveraging Uzbekistan’s advanced government data systems, TBC automates all references and checks, ensuring a hassle-free experience.
Key features of TBC Business include:
- 24/7 payment services for convenience.
- One-click utility and government payments for time efficiency.
- Instant payments with automated templates.
- Team account management for streamlined operations.
Seizing Market Opportunities
Uzbekistan, with a population of 37 million—59% of whom are under 30—is rapidly embracing digital financial solutions. TBC Uzbekistan is uniquely positioned to cater to this tech-savvy population, leveraging its strong digital ecosystem, which includes:
- TBC Bank Uzbekistan (TBC UZ): A mobile-only bank.
- Payme: A popular digital payment platform for individuals and businesses.
- Payme Nasiya: A fast-growing instalment credit service.
This launch cements TBC’s role as a key driver of financial innovation in Uzbekistan, paving the way for SMEs and entrepreneurs to achieve greater success while contributing to the nation’s economic growth.
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