Kazakh Fintech Giant Kaspi.kz Signals Interest in Acquiring Uzbekistan's Humo Payment System in Major Privatization Bid
Portfolio Pulse from Benzinga Newsdesk
Kazakh fintech company Kaspi.kz has expressed interest in acquiring Uzbekistan's Humo payment system as part of a major privatization effort. The State Assets Management Agency of Uzbekistan plans to privatize a 100% stake in Humo, which is a key player in the country's payment processing sector.
August 27, 2024 | 7:52 am
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Kaspi.kz has shown interest in acquiring Humo, a major payment system in Uzbekistan, as part of a privatization process. This move could expand Kaspi.kz's influence in Central Asia's fintech market.
Kaspi.kz's interest in acquiring Humo indicates a strategic move to expand its operations in Central Asia. The acquisition could enhance Kaspi.kz's market position and growth potential in the region, likely leading to a positive short-term impact on its stock price.
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