Kaspi kz to bid in privatization of Uzbekistan’s Humo settlements system
ASTANA. Aug 27 (Interfax) – Kazakh fintech groupKaspi kz has really despatched an official letter of ardour to Uzbekistan’s State Assets Management Agency (SAMA) to participate within the privatization of the Humo settlements system,Kaspi kz claimed in a Tuesday information launch.
SAMA has really launched methods to denationalise a 100% threat within the Humo settlement system by means of a public settlement process.
Humo is amongst 2 settlement methods in Uzbekistan and makes it potential for all components of the settlements process for monetary establishments and numerous different settlement suppliers. According to SAMA, it has really launched over 23 million Humo playing cards, hooked up over 200,000 components of sale and arrange round 6,000 Atm machines.
“Uzbekistan’s economy is growing fast, and I believe the country is taking all the right steps to increase its attractiveness to investors and companies like Kaspi.kz. Our shareholders include the likes of Fidelity, BlackRock , Capital International and Baillie Gifford and are amongst the world’s most respected investors in technology companies. We want to give them a front row seat to Uzbekistan’s rapidly unfolding transformation,” Mikheil Lomtadze, chief govt officer and founding father ofKaspi kz, is estimated as claiming.
The privatization is anticipated to proceed in 3 phases: expression of ardour, assortment of non-binding propositions and assortment of binding propositions. At the final, potential patrons ought to ship a guaranty settlement totaling as much as on the very least 1% of their urged binding price deal, in response to journalism launch.
Kaspi kz runs a two-sided Super App service model: theKaspi kz Super App for patrons and the Kaspi Pay Super App for distributors and enterprise homeowners.Kaspi kz’s choices encompass settlements, business and fintech treatments for each clients and distributors.Kaspi kz Group is included Kaspi Shop LLP, Kaspi Bank, Kaspi Pay LLP and Kaspi Travel LLP. As at July 1, 2024 the agency’s major traders had been Baring Funds (24.24%), Mikheil Lomtadze (21.53%) and Vyacheslav Kim (20.39%).
In January 2024,Kaspi kz carried out an Stock Launch on the Nasdaq, elevating $1.04 billion through gross sales by Kim, Lomtadze, and Asia Equity Partners Limited (a Baring Vostok fund). Subsequently, the agency was delisted from the London Stock Exchange, the place it had really traded contemplating that October 2020.
