Blockchain Registration Transaction Record

TBC Bank Acquires OLX Uzbekistan in Landmark Digital Expansion Deal

TBC Bank Group acquires majority stake in OLX Uzbekistan through joint venture with Titan Investments, expanding digital banking ecosystem in Central Asia's growing market.

This acquisition represents a significant development in Central Asia's digital transformation, particularly for Uzbekistan's growing tech sector. For consumers, it means enhanced digital services as banking and classifieds platforms integrate, creating more seamless financial and lifestyle solutions. The deal accelerates digital inclusion in a region where internet penetration is rapidly increasing, potentially lowering costs and improving access to financial services for millions. For investors, it signals growing confidence in Uzbekistan's digital economy and sets a precedent for future tech investments in Central Asia. The partnership between established financial institutions and digital marketplaces could reshape how emerging markets approach financial technology integration.