ABB Financial Group acquires majority stake in Uzbekistan's Davr Bank

ABB Financial Group has completed its acquisition of a 51% stake in Uzbekistan-based Davr Bank. The transaction, valued at approximately 1.646 trillion som (roughly $140 million USD), was registered at the Tashkent Stock Exchange on September 10, 2026. Following the deal, the institution will operate under the brand “ABB Davr,” providing universal banking services to individuals, small and medium enterprises, and large corporate clients in Uzbekistan.

In addition to its international expansion, ABB has launched “ABB Pay,” a new digital payment solution designed as a local alternative to global services like Apple Pay and Google Pay. Developed in partnership with “Payriff,” the tool allows users to complete online transactions via QR codes, application links, or push notifications through the ABB mobile app. The service is currently available at over 20 online stores and is intended to streamline the e-commerce experience for both consumers and merchants.