One of them will be insurance.
TBC Uzbekistan currently offers insurance through a third-party service provider, but it plans to become an insurer in the country next year. It also plans a buy-now-pay-later solution and an SME lending product. Similarly, the mobile bank will enhance its Salom debit card with new benefits and offerings to attract more customers.
Uzbekistan has not yet been a highly competitive market for a banking entity. However, the country’s growing digital base and young population have drawn interest from foreign players. Hungry’s OTP Bank and South Korea’s Korea Development Bank have already set up their shops in the country. Similarly, France’s Société Générale, Kazakhstan’s Kaspi, and the U.S.’s Citi Bank are exploring to enter the country.