TBC Bank, a greenfield digital bank, agreed to acquire the remaining 49% stake in Payme, a digital payments provider, for $55.7m. "We are delighted to be completing the minority buyout of Payme, giving us 100% ownership of this dynamic payments platform. This acquisition is in line with our previously outlined expansion strategy in Uzbekistan to create a leading fintech ecosystem. It will allow us to capture the strong synergy potential between the payments business and our digital bank, TBC UZ, by leveraging a large user base and a diverse product range. I strongly believe that our joint efforts in these two businesses will accelerate the achievement of our mid-term targets for our Uzbek operations: return of equity of at least 30%, monthly active users of 5m, and 10-15% share of the Group's net income," Vakhtang Butskhrikidze, TBC Bank CEO.