Digitalization Boost in Uzbekistan: TBC Launches Groundbreaking Service for SMEs

TBC Uzbekistan makes history: The company has announced the launch of TBC Business, the first fully digital banking service for small and medium-sized enterprises (SMEs) and self-employed entrepreneurs in Uzbekistan, the most populous country in Central Asia. Following its successful establishment as the largest fully digital private bank in the country, TBC is now expanding its offering to provide tailored solutions to SMEs and individual entrepreneurs. This strategic expansion aims to tap into new customer segments and generate additional revenue streams. Thanks to TBC Business, Uzbek SMEs can conduct all their banking activities and related needs digitally, without ever having to visit a physical branch. According to Nika Kurdiani, CEO of TBC Group in Uzbekistan, the introduction of TBC Business marks a turning point in how small businesses and individual entrepreneurs conduct banking in the country. This innovative offering reflects TBC's commitment to creating customer-oriented solutions that specifically address the needs of businesses. By providing the country's first fully digital business banking solution, SMEs are equipped with seamless and efficient tools that allow them to focus on business development and growth. TBC Business leverages both the existing technological infrastructure of TBC Uzbekistan and the data-rich management of the country to enable paperless and stress-free onboarding. As a result, businesses can open an account in less than three minutes without providing any documentation. The new service also offers 24/7 payment services, one-click solutions for utilities and government services, instant payments with automated templates, team account management, and other features.