Curated News
By: NewsRamp Editorial Staff
September 24, 2025
TBC Uzbekistan Opens Digital Banking to Foreign Nationals
TLDR
- TBC Uzbekistan gains strategic advantage by expanding its digital banking services to non-residents, significantly widening its potential customer base and revenue streams.
- TBC Uzbekistan enables non-residents to access digital banking services through remote app registration with passport verification and in-person agreement signing in Tashkent.
- This expansion creates new opportunities for financial integration of expatriate workers and students while fueling growth of Uzbekistan's digital economy.
- TBC Uzbekistan now offers its full digital banking ecosystem to foreign nationals, reaching 21 million users across Central Asia's largest population.
Impact - Why it Matters
This expansion matters because it represents a significant step in financial inclusion and economic integration for Uzbekistan, a country experiencing rapid digital transformation. For the growing number of expatriates, international students, and foreign entrepreneurs in Uzbekistan, access to reliable digital banking services eliminates a major barrier to conducting business and daily financial activities. The move signals Uzbekistan's continued opening to international engagement and supports the country's position as an emerging market destination. For TBC Uzbekistan, this strategic expansion diversifies revenue streams and strengthens customer loyalty while positioning the company as a regional financial leader. The timing is particularly relevant as Central Asia experiences increased foreign investment and international business activity, making seamless financial services crucial for economic growth and cross-border collaboration.
Summary
TBC Bank Uzbekistan, the country's leading digital bank and part of the broader TBC Uzbekistan digital banking ecosystem, has announced a significant expansion of its services to non-residents in Uzbekistan. This strategic move allows foreign nationals living in or visiting the Central Asian nation to access TBC UZ's comprehensive suite of digital banking products, including the flagship Salom Debit Card, deposits, transfers, and utility payments. The expansion represents a major step in TBC Uzbekistan's growth strategy, enabling the digital banking powerhouse to tap into new customer segments while maintaining the same seamless, intuitive digital experience through its mobile application that has made it so successful with domestic customers.
The initiative is particularly significant given TBC Uzbekistan's impressive market penetration, having already reached 21 million unique registered users – representing more than 50% of Uzbekistan's population. CEO Nika Kurdiani emphasized that this expansion goes beyond a typical product launch, describing it as "opening a new gateway to Uzbekistan's financial system" for international students, expatriate workers, and entrepreneurs. The registration process has been designed for convenience, allowing new customers to complete applications remotely using their international passport, proof of temporary registration, personal identification number, and local phone number, with TBC representatives currently available for in-person onboarding in Tashkent, with nationwide expansion planned by year-end.
This expansion strengthens TBC Uzbekistan's position as Central Asia's leading digital banking ecosystem, which also includes Payme (digital payments), TBC Nasiya (installment credit), and TBC Insurance. The company's remarkable growth trajectory includes achieving profitability just two years after launch and recording $62 million in operating income in 2Q25, with loan and deposit books growing 105% and 86% year-over-year respectively. By integrating non-residents into its digital ecosystem, TBC Uzbekistan is not only broadening its customer base but also contributing to financial integration and supporting the growth of Uzbekistan's digital economy through diversified revenue streams and enhanced customer engagement.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, TBC Uzbekistan Opens Digital Banking to Foreign Nationals
