Kazakh Fintech Giant Kaspi.kz Signals Interest in Acquiring Uzbekistan's Humo Payment System in Major Privatization Bid

 Joint Stock Company Kaspi.kz ("Kaspi.kz") has sent a formal letter of interest to Uzbekistan's State Assets Management Agency ("SAMA"), indicating its interest in participating in the upcoming privatization of the National Interbank Processing Center ("Humo").

SAMA has unveiled plans to privatize a 100% stake in the Humo payment system via a public negotiation process. Humo is one of two payment systems in Uzbekistan and enables all aspects of the payments process for banks and other payment providers. According to SAMA, it has issued over 23 million Humo cards, connected over 200,000 points of sale and installed around 6,000 ATMs.