PAYNET AJ Wins Tender for Privatization of 100% State Stake in HUMO

PAYNET Joint Stock Company has been declared the winner of the tender for the privatization of a 100% state-owned stake in the authorized capital of the Joint Stock Company National Interbank Processing Center (hereinafter referred to as HUMO), organized by the Agency for State Asset Management of the Republic of Uzbekistan.

The Company has undertaken commitments to implement additional measures aimed at ensuring the stable and uninterrupted operation of the Humo payment system owned by the Company, as well as protecting confidential (personal and banking) information of system users.

PAYNET JSC expresses its commitment to the principles of fair competition, joint efforts in the development of national payment systems, and the implementation of advanced financial and digital technologies to accelerate the introduction of new forms and methods of payments in order to stimulate the development of the digital economy and entrepreneurship in the republic.

“We are confident that the synergy of HUMO with other participants in the payment market will not only preserve but also enhance its achievements, strengthen its market position, and effectively realize its long-term goals. By improving business processes, expanding the range of products and services, and introducing new technologies, the companies will be able to offer higher-quality, more accessible, and innovative solutions for both the population and businesses,” noted the CEO of PAYNET JSC.