Uzbek Payment Systems Payme, Click, and Paynet Show Divergent Profit Growth in Q1 2026
Financial results reveal significant profit surges for Paynet driven by dividends, while Payme and Click also report robust revenue increases.
Uzbekistan’s leading payment service providers, Payme, Click, and Paynet, have released their financial statements for the first quarter of 2026, showcasing varying levels of profit and revenue growth amid a rapidly evolving fintech landscape.
Strong Revenue Growth Across Key Players
Click reported a 7.4% increase in net profit, amounting to 78.6 billion Uzbek soms, supported by a 23.4% rise in revenue reaching 209.4 billion soms. Meanwhile, Payme achieved a more impressive 49.6% growth in net profit up to 104 billion soms, surpassing Click’s profit figures. Payme’s revenue expanded by 52.3% to 230 billion soms, reflecting solid demand for its digital payment solutions.
However, the standout performer in this quarter was Paynet, which recorded a remarkable 313.7% increase in net profit, soaring to 449.5 billion soms. The company’s revenue also grew by 44%, totaling 558.5 billion soms. This surge in profitability notably exceeded Paynet’s entire net profit for 2025, which was 395.1 billion soms.
"Paynet's profit growth was significantly boosted by a one-time dividend inflow of 321.1 billion soms," reports indicate.
The exceptional profit jump for Paynet was largely due to a one-time dividend payment of 321.1 billion soms included in the current quarter’s results. Excluding this dividend, Paynet’s net profit stood at 128.4 billion soms, which still represents substantial growth compared to prior periods.
Strategic Moves and Market Positioning
Paynet's financial boost follows its strategic acquisition of the Humo payment system at the start of 2025 for $65 million, positioning it as a major player in Uzbekistan’s digital payments ecosystem. This acquisition has likely contributed to Paynet’s strengthened market share and expanded service offerings.
The robust performance of these payment systems reflects the accelerating adoption of digital finance in Uzbekistan, fuelled by growing e-commerce activities, increased smartphone penetration, and supportive regulatory frameworks enhancing digital banking infrastructure.
Industry analysts note that such financial results underscore the dynamic nature of the fintech sector in Central Asia, with digital payment providers increasingly driving economic digitization and financial inclusion.
As these companies continue to innovate and expand, investors and stakeholders should monitor ongoing changes in revenue streams, especially in relation to one-time financial events and strategic acquisitions that impact profitability metrics.
