Throughout May 2025, Octobank implemented several important initiatives across digital transformation, international partnerships, education, and human capital development.

ATM Network Modernization: Partnership with BS/2

On May 28, during the PLUS Forum in Tashkent, Octobank signed a three-year memorandum of cooperation with the international fintech company BS/2 (part of Lithuania’s Penki Kontinentai Group). The agreement focuses on upgrading the ATM infrastructure and enhancing self-service solutions.

Key components of the partnership include:

• expanding ATM functionality (cash deposit, service payments, currency exchange);

• introducing remote monitoring and management systems;

• improving device security.

Public Speaking and Market Analysis at the PLUS Forum

Octobank’s Managing Director Vladimir Vasiliev delivered an analytical presentation on the development of cross-border transfers and internet acquiring in the region. According to the bank’s data, in 2024, remittance flows to Uzbekistan reached $8.16 billion — a 14% increase over the previous year.
Peer-to-peer (P2P) transfers grew by over 50%.
Octobank also announced its work on integrating with global payment platforms Alipay and WeChat Pay to improve payment acceptance for international users.

Financial Literacy Programs for Schoolchildren

As part of the international initiative Global Money Week and with the support of the Central Bank of Uzbekistan, Octobank organized a series of financial literacy workshops for students in Tashkent.

The program covered topics such as:

• digital safety and online behavior;

• identifying fraud schemes;

• protecting personal data.

Students showed strong engagement, actively participating in discussions and sharing their personal experiences. The pilot format was positively received by both students and educators.

Industry Recognition

On May 3, Octobank received the award for “Dynamic Development in the Banking Sector of Uzbekistan in 2024” during the VIII Brand Awards International. The award was based on a comprehensive evaluation of the bank’s growth and technological innovation, conducted by an independent consulting group.

Educational Partnership with AUT

In May, Octobank signed a memorandum of understanding with the American University of Technology (AUT, Tashkent) to launch joint educational initiatives. The goal is to train professionals for the financial sector and strengthen the bank’s internal talent pipeline.

Planned activities include:

• upskilling programs for Octobank employees;

• internship opportunities for AUT students;

• collaborative projects in business education.

This initiative aims to strengthen the connection between academia and the banking industry.

Conclusion

May 2025 marked a period of strategic activity for Octobank. Initiatives in ATM modernization, cross-border payments, and educational engagement reflect the bank’s continued commitment to long-term, systemic development in line with evolving trends in the