Paynet Increases Capital of NIPC to 815.26 Billion Soums

Tashkent, Uzbekistan (UzDaily.com) — JSC Paynet has decided to increase the authorized capital of its subsidiary, the National Interbank Processing Center (NIPC, Humo), to 815.26 billion soums.

According to the resolution dated December 5, 2025, additional shares worth 1.82 billion soums will be issued and placed with the sole shareholder — LLC New Industrial Technologies.

The issuance will include 3,643,400 ordinary shares with a nominal value of 500 soums each.

The shares will be placed at nominal value through the stock exchange, while the terms of payment for the shares have not been disclosed.

The placement period for the additional issue is one year from the date of state registration.

For reference, in January 2025, JSC Paynet acquired 100% of the state-owned shares of Humo for US$65 million.

JSC Paynet is one of the largest players in Uzbekistan’s financial technology market, operating for over 18 years.

The company’s system facilitates payments for goods and services from more than 1,500 providers, serving an audience of over 20 million users annually.

The national payment system Humo was established in September 2018 amid disruptions at the private processing center Uzcard, to ensure the stability of the national payment system and prevent market monopolization.