TillaPay is the only independent fintech aggregator in Uzbekistan, combining local systems (Humo, Uzcard) and international cards (Visa, Mastercard, UnionPay) into a single wallet with instant contactless NFC payment and support for offline transactions in the regions.
TillaPay is a single wallet that combines Humo, Uzcard, Visa, Mastercard, and UnionPay cards in a single application. The service allows you to pay for purchases instantly with a single tap on your smartphone and make payments even without internet access in remote regions. The product is being developed in partnership with banks with the assistance of IT Park Uzbekistan.
The payment market is fragmented: users have to use different applications for Humo, Uzcard, and international Visa/Mastercard cards. Furthermore, in regions and rural areas, cashless payments often fail or are unavailable due to unstable mobile internet.
A single easy wallet that combines local and international cards in a single application. The service provides instant contactless payment from a smartphone with a single tap and guarantees payments even when there is no internet connection.
B2B2C agency model (BaaS) in partnership with banks. Monetization is based on the allocation of transaction fees (Interchange fee share) for each non-cash payment and annual contracts with partner banks for technological connection and support.
Uzbekistan market: over 36 million residents and more than 85% of Android smartphone users who make daily purchases using Humo and Uzcard cards. B2B segment: Commercial banks in the country seeking to increase cardholders' activity and transaction volumes
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