Kazakh Kaspi will not buy Uzbek payment system Humо

Kazakhstan's Kaspi.kz reported about the termination of participation in the privatization of the National Interbank Processing Center Humo This is reported by FinTech & Retail CA.

In August 2024, Kaspi.kz sent a non-binding letter to the State Assets Management Agency of Uzbekistan (SAMA) expressing interest in acquiring Humo However, at the current stage, the company has decided to withdraw from the process.

"In August 2024, we (Kaspi.kz) submitted a non-binding letter of intent to the Agency for State Asset Management of Uzbekistan (AUGA) expressing interest in participating in the privatization of the National Interbank Processing Center Humo At this stage, we have decided not to continue to participate in this process,” - specified in Kaspi.kz

Despite the refusal of privatization, Kaspi.kz stated its readiness to continue working on projects aimed at the development of digital transformation in the region.