Uzbekistan’s fintech giants Click and Uzum have signed a merger agreement.

The companies have plans to transform Click into a superapp, making it one of the key entry points into the ecosystem of the expanded digital products and services of the companies. At the same time, Uzum Market customers will be provided with new opportunities in obtaining and paying for orders, including at more than 180 pick-up points across the country. 

The companies plan to jointly launch a service for booking air tickets, rail tickets and taxis. They also plan a travel aggregator and integration with government services.

The owners of Click will in the deal receive shares of the parent company of the Uzum Group.

"Uzum was created as an association of resources and expertise of the country's leading companies, and today we continue to follow this vector, welcoming the team of the leading digital payment system to the large Uzum family. Together with Click, we will be able to grow even faster, making life easier for more than 13mn of our users," said CEO of the Uzum Group of companies Jasur Jumaev.

According to Click CEO Ulugbek Rustamov, the merged company will continue to work on current plans includng a lending project, a number of projects for integration with public services, tourism sector services and much more.

"During the negotiations with Uzum, we saw that our strategies and goals coincide. Therefore, we are certainly glad to merge with the ecosystem and see great prospects in this: combining two major players with such a wide range of opportunities will allow us to multiply each other's resources and realise a new large-scale task: creating a product that has no analogues in the country," he said.

In addition to Click, the Uzum ecosystem includes the Uzum Market marketplace, the Uzum Nasiya installment service and banking assets, as well as express delivery from restaurants and Uzum Tezkor stores.

bne Intellinews previously reported that Uzum was planning to launch an app-based ready-to-eat food order and grocery delivery service in the near future and conduct an IPO within three years.