(Sharecast News) - TBC Bank said it had agreed to buy the remaining 49% of Uzbekistan payments firm Payme in for $55.7m in cash.
Payme is a digital payments provider in Uzbekistan for individuals and small businesses, offering person-to-person transfers, bill payments, QR payments, e-commerce, cross-border money remittances, loan repayments, personal financial manager services and government services.
The deal price implies a total valuation of $113.6m for Payme, TBC said.
Reporting by Frank Prenesti for Sharecast.com
TBC Bank Group (TBCG)
