Uzbekistan’s mobile bank TBC bags $37M to expand with new AI and insurance products

Quick Summary:

Uzbekistan has been an attractive market for digital businesses in recent years, with nearly 90% internet penetration and a young population — 60% of its total population is under 30, per UNICEF.

Further, it introduced the Salom debit card and Osmon credit card and launched TBC Business, a digital banking service for small and medium Uzbek enterprises.

So we’re building out vertical by vertical into different products,” Oliver Hughes, head of international business at TBC Group, said in an exclusive interview.

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Article Details

Author / Journalist: Jagmeet Singh

Category: Technology

Markets: United StatesFranceIndiaKazakhstanSouth KoreaUzbekistan

Topics: TBC Group Fintech TBC Bank Uzbekistan Exclusive

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 10:00:00 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 742 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24567100

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