Beeline Uzbekistan and Ipoteka Bank OTP Group Sign a Memorandum of Strategic Partnership
Ipoteka Bank OTP Group and Beeline Uzbekistan signed a memorandum of strategic partnership aimed at developing joint digital and financial solutions for customers in Uzbekistan.
The cooperation involves the development of new financial products in the operator’s digital channels, the development of offline solutions through the partner network, as well as the launch of joint installment programs, loyalty, and co-branded products.
The partnership will be implemented in stages: from pilot projects to subsequent scaling. At the same time, credit and regulatory risks will be on the side of the bank, and the launch of solutions will be conducted, considering technical and user readiness.
«It is important for us to support projects that are of long-term importance for the economy and the quality of life of people. The development of financial and telecommunications infrastructure is related to the digital transformation of the country, the availability of modern services and the growth of business activity. We are pleased to partner with Beeline Uzbekistan in the implementation of joint strategic initiatives,» said Sandro Rtveladze, Chairman of the Board of Ipoteka Bank OTP Group.
«Cooperation with Ipoteka Bank OTP Group will allow Beeline Uzbekistan to expand the ecosystem of digital services and offer customers new financial instruments in familiar channels. We see significant potential in the integration of telecom and fintech solutions to increase user value and develop digital services in the regions in accordance with the Uzbekistan-2030 strategy,» said Evgeny Nastradin, CEO of Beeline Uzbekistan.
The signed memorandum will become the basis for further development of joint projects. The final terms of cooperation will be determined within the framework of separate legally binding agreements.
Beeline Uzbekistan (Unitel LLC) has been providing digital operator services under the Beeline Uzbekistan trademark since September 12, 2006. The company is one of the largest taxpayers in the country and has paid taxes in the amount of about $2.1 bn during its activity. The company employs more than 2,000 employees. Beeline Uzbekistan received the status of Top Employer 2024, 2025 and 2026.
Beeline Uzbekistan is part of the VEON Group. Since entering the market in 2006, VEON has invested more than $1.6 bn in the telecommunications sector of Uzbekistan.
VEON is a global digital operator serving more than 150 mln telecom users and around 120 mln monthly active digital users. Operating in five countries representing more than 6% of the world’s population, VEON is transforming people’s lives with technology that empowers them and drives economic growth. Details are on the website.
Website: beeline.uz
Facebook: @beeline.uz
Instagram: @beeline_uzbekistan
Telegram: @beelineuzbekistan
Twitter: @beeline_uz
LinkedIn: @beeline-uzbekistan
About Ipoteka Bank OTP Group
Ipoteka Bank has been part of the international banking group OTP Group since 2023. After joining the group, the bank undergoes a large-scale transformation from a specialized mortgage institution to a universal bank with a developed digital and corporate infrastructure.
In the first quarter of 2026, Ipoteka Bank OTP Group showed steady growth: net profit amounted to 579.2 bn soums, up 32.9% year-on-year; total assets reached 55.79 trln soums; capital reached 9.37 trln soums; and return on equity amounted to 25.9%. The bank’s MAU (monthly active digital users) reached 584.7K.
