People awarded best Fintech in Uzbekistan by Visa

Humans has received an award for its active implementation of banking products in Uzbekistan. The company surpassed all its competitors in terms of the speed at which it issued Visa cards and the volume of transactions with them. Visa previously already had recognized People who are card issuing managers in the region.

Tashkent, Uzbekistan–(Newsfile Corp. – Dec 19, 2022) – People received the Best Fintech 2022 award from Visa, the global leader in the digital payments industry. Every year, the international company presents awards to banks and fintech organizations that issue bank cards together with Visa. When selecting the winner in this category, Visa took into account the speed with which the bank cards are issued and the volume of transactions made with them in the region. According to the 2022 results, Humans has become a leader in this field in Uzbekistan. Human’s VISA cards give citizens of Uzbekistan access to offline and online products anywhere in the world, and they also increase the volume of online payments made in the region.

“The share of non-cash payments made in Uzbekistan is increasing, and we are doing our utmost to make the transition process to new digital tools in the country as seamless as possible. Thanks to Humans, approximately one million residents of Uzbekistan have already gained access to Visa products, but we don’t plan to stop there. The Best Fintech award is another reminder that we are on the right track and that we are tackling the goals we set ourselves the first time: to provide citizens of Uzbekistan with access to modern digital technologies. User-friendly banking products make life easier. They open up new opportunities, promote financial literacy and give people mobility – with the Humans VISA card, our users have access to any product or service from anywhere in the world.” – Vlad Dobrynin, founder of Humans Group.

According to data from Visa, the volume of electronic payments made in Uzbekistan is growing steadily. In the fourth quarter of 2021 alone, they increased by a third. Human’s VISA card first began to be issued in August 2020 in collaboration with Ravnaq-bank. Customers had access to both the virtual version and the card in physical form. The virtual card can be obtained automatically in the Humans app when you connect a Humans SIM card. Customers can order a plastic card for free on the website and have it delivered to their home, or they can get one at a retail outlet – Humans has already opened more than 1,100 service points in Uzbekistan. Humans VISA card is accepted both in Uzbekistan and abroad.

“The cooperation between Humans and Visa in Uzbekistan has become something of a catalyst for the development of fintech in the country. More than two million people already use Humans’ services, and that number continues to rise. We have only been able to achieve this result thanks to our in-depth product expertise and understanding of the needs of our target group. People have been working in the Uzbekistan market for more than two years, continuously refining our products to make them even more accessible and user-friendly. The team’s experience and knowledge have enabled us to quickly and efficiently implementing Visa payment technologies in Uzbekistan. And, as the partnership with Humans shows, developers are enjoying even greater demand from their customers.” – Evgeniy Lesnyak, Senior Director of Strategic Partnerships and Fintech in Ukraine, CIS countries and Southeast Europe.

The payment system previously gave Humans the award for outstanding growth in issuance, according to the results of 2021. However, in 2022, Humans surpassed all other banks and fintech companies in Uzbekistan according to the speed with which Visa cards are issued and the volume of transactions carried out with them.

HUMANS.uz is a super app that combines a fintech service, mobile services and an online payment system with a cashback function. The group’s offices are located in the USA, Uzbekistan, Belarus, Poland, Singapore and Germany. As of May 2022, the number of active users of Humans’ services amounted to 2 million people.

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