BAKU, Azerbaijan, June 9. TBC Uzbekistan, a
digital banking platform, has introduced a new digital payroll
service for small and medium-sized enterprises (SMEs), expanding
its suite of business banking products, Trend reports via TBC Bank.
The new feature, available through TBC Business, allows
companies to process salary payments digitally, including on
weekends and public holidays. Employees who hold TBC Salom debit
cards receive their salaries instantly.
TBC said the service is designed to automate payroll-related
processes and reduce the administrative burden on businesses.
The launch comes as TBC Business continues to expand its
presence in Uzbekistan's SME banking market. More than 30,000
businesses have registered on the platform since its introduction
in December 2024, the company said.
The payroll service follows several recent additions to the TBC
Business ecosystem, including the rollout of lending products for
SMEs, the launch of a dedicated mobile application and the
acquisition of BILLZ, a retail management software provider
operating in Uzbekistan.
The move reflects broader efforts by financial technology
companies in Uzbekistan to digitize business services as demand
grows for online banking solutions among entrepreneurs and small
businesses.
Uzbekistan's digital finance sector has expanded rapidly in
recent years, supported by increasing smartphone penetration,
government-backed digitalization initiatives and rising adoption of
cashless payment services across the economy.
