BAKU, Azerbaijan, September 1. Uzbekistan-based
InfinBANK and Türkiye’s UPT have signed a partnership agreement to
expand money transfer services, increase transaction volumes and
provide customers with more convenient cross-border payment
solutions.
This was reflected in the statement by the InfinBANK.
The agreement was signed on August 26 at InfinBANK’s office in
Tashkent, with representatives from both organizations taking part
in the ceremony.
Under the partnership, UPT and InfinBANK will combine their
technological capabilities, industry expertise and partner networks
to develop remittance infrastructure and improve access to
international money transfer services.
The companies aim to significantly increase the volume of money
transfers while creating faster, more accessible and user-friendly
solutions for customers sending and receiving funds.
“Our partnership is not just the signing of an agreement, but
the beginning of a new stage of long-term cooperation that further
strengthens ties between Uzbekistan and Türkiye,” UPT CEO Murat
Kastan said.
Kastan added that the cooperation is expected to help increase
transaction volumes and strengthen the companies’ positions in the
remittance market.
InfinBANK Deputy Chairman of the Management Board Pulat Salimov
said the integration with UPT would expand opportunities for
customers using cross-border transfer services.
“This agreement will allow us to significantly expand the
geography of our services, including key destinations such as CIS
countries, Europe and Türkiye, while offering more flexible tariff
solutions,” Salimov said.
The partnership comes as demand for digital and cross-border
financial services continues to grow, with remittances remaining an
important part of financial connectivity between Uzbekistan and
international markets.
The two sides plan to continue developing cooperation, improving
the quality and accessibility of remittance services and
implementing new joint projects aimed at expanding financial
service offerings for customers.
