Paynet

Paynet is an electronic payment acceptance system operating in Uzbekistan, run by the company UzPaynet. According to its official website, the service has been building simple and convenient payment solutions for millions of people since 2005, and today it says it is trusted by 20 million users across the country. The platform is positioned as more than a single service: it combines a mobile application, a nationwide network of physical payment points and self-service terminals, and a growing set of financial products. Paynet's core business is everyday bill payment and money movement. Through its mobile app, users can pay for mobile communication, internet, television, utilities, government services and fines, top up wallets and cards, repay instalment plans and loans, and manage transport-related payments such as air and rail tickets, taxi deposits and city transport. The company states that more than 2,002 services are available in one place, that it operates over 37,000 terminals serving customers 24/7, and that it has around 7,000 agent points across Uzbekistan. It also reports roughly 180 million payments per month and more than 200,000 mobile app users in its own historical summary. Beyond classic payments, Paynet has expanded into newer financial and investment products. Its 2025 product line includes buying and selling cryptocurrency, buying gold, instalment payments, regional money transfers, and a service for entrepreneurs and self-employed users. The app also supports QR payments at restaurants, fuel stations and retail chains, cash withdrawal from cards via agents, international money transfers, and crypto wallet features. This places Paynet in the fintech and payments space in Uzbekistan, competing with other local payment and wallet providers. The company is structured as PAYNET AJ, with subsidiaries and affiliated companies listed in its corporate structure documents. Its management team includes CEO Anvar Isamuhamedov, CPTO Muzaffar Kamilov, CFO Bobirxon Sultonov, CIO Andrey Tey and CCO Rizo Sadikov. Paynet has gone through rebranding in 2022 and 2023, and in 2023 it received a crypto-depositary licence for PAYNET CRYPTO LLC from the National Agency of Prospective Projects. Its public materials emphasize transparency, experienced leadership and responsible management.

Paynet's history in Uzbekistan is tied to the growth of electronic payment acceptance in the country. The official website states that the company has been creating simple and convenient solutions for millions of people since 2005, while the Uzbek Wikipedia entry says the electronic payment acceptance system was launched by UzPaynet in 2006. These two dates reflect the brand's early development phase, when payment acceptance was expanding beyond cash and traditional banking channels. A significant early milestone came on 19 March 2014, when Paynet eliminated the intermediary commission on payments for certain services, including mobile communication. This move was aimed at making everyday payments cheaper and more attractive for users. In 2017, the company launched the Paynet mobile app, enabling online payments for services and marking a shift from primarily terminal- and agent-based payments toward a digital-first experience. In 2020, Paynet introduced instant money transfers between HUMO and UZCARD cards with a 0.5% commission, and added transfers by phone number and card as well as other remote services. This period reflected the broader digitalization of Uzbekistan's payment infrastructure. In 2021, the company strengthened digitalization by introducing electronic invoices and notifications through its official Telegram channel, and developed mobile tools for agents under the Paynet Flagship Mobile initiative. The company underwent rebranding in 2022, followed by another rebranding in 2023 under the slogan "Ishonch doirasida, do'stlar atrofida" (roughly, "Within trust, among friends"). Also in 2023, the National Agency of Prospective Projects granted PAYNET CRYPTO LLC a licence to carry out crypto-depositary activities. In 2024, Paynet launched additional packages for shares, expanding its investment-related offerings. In 2025, Paynet introduced and presented five new products in its app: buying and selling cryptocurrency, buying gold, instalment payments, regional money transfers, and a service for entrepreneurs and self-employed users. By this point, the company described itself as trusted by 20 million users, with over 37,000 terminals, around 7,000 agent points, more than 2,002 services, roughly 180 million payments per month, and more than 200,000 mobile app users. Its corporate structure is organized under PAYNET AJ, with subsidiaries and affiliated companies, and its leadership team includes CEO Anvar Isamuhamedov, CPTO Muzaffar Kamilov, CFO Bobirxon Sultonov, CIO Andrey Tey and CCO Rizo Sadikov.

• 2025

  Five new products introduced in the app: cryptocurrency trading, gold purchase, instalment payments, regional money transfers, and a service for entrepreneurs and self-employed users.

• 2024

  Additional packages for shares launched.

• 2023

  Rebranding under the slogan "Ishonch doirasida, do'stlar atrofida"; PAYNET CRYPTO LLC received a crypto-depositary licence.

• 2022

  Company rebranding.

• 2021

  Digitalization strengthened with electronic invoices and Telegram notifications; mobile tools for agents developed (Paynet Flagship Mobile).

• 2020

  Instant money transfers between HUMO and UZCARD cards launched with 0.5% commission; transfers by phone number and card added.

• 2017

  Paynet mobile app launched, enabling online payments for services.

• 2014

  From 19 March, Paynet eliminated intermediary commission on payments for certain services, including mobile communication.

• 2006

  Uzbek Wikipedia states the electronic payment acceptance system was launched by UzPaynet in 2006.

• 2005

  Company states it has been creating simple and convenient solutions for millions of people since 2005.

Everyday payments and financial services for millions of users across Uzbekistan, combining digital app convenience with a nationwide physical payment network.

• Paynet mobile app

  Mobile application for payments, transfers, top-ups and financial services.

• Payment terminals

  Over 37,000 terminals serving customers 24/7 for payments, top-ups and transfers.

• Agent network

  Around 7,000 agent points across Uzbekistan for payments and cash withdrawal from cards.

• Gold purchase

  In-app purchase of gold, shown with example pricing.

• Cryptocurrency services

  Buying and selling cryptocurrency and crypto wallet features.

• Instalment payments

  Instalment payment option available in the app.

• Regional money transfers

  Money transfers within the region.

• Service for entrepreneurs and self-employed

  Xolis service for entrepreneurs and self-employed users.

• Rebranding 2023

1. 1Paynet official website homepagepaynet.uz
2. 2Paynet about uspaynet.uz
3. 3Paynet company structurepaynet.uz
4. 4Wikidata: Paynetwikidata.org
5. 5Uzbek Wikipedia: Paynetuz.wikipedia.org