Ipoteka bank OTP Group and Beelab Announce Strategic Partnership to Drive Digital Financial Innovation
Posted by: 4 june, 2025
Tashkent, June 3, 2025 — Ipoteka bank OTP Group and Beelab JSC (developer of the fintech platform Beepul) have signed a Memorandum of Understanding, marking the beginning of a strategic collaboration aimed at delivering integrated digital financial solutions. The agreement lays the foundation for the joint development and rollout of credit, deposit, and card services tailored to both individual customers and small businesses.
In the initial phase, the partners plan to launch co-branded cards and fully digital microloans through the Beepul mobile application. These offerings are expected to become available to users in the coming months of 2025. Future plans include expanding the product portfolio with deposit solutions and issuing both virtual and physical UZCARD and HUMO cards.
“The phase of dynamic development at Ipoteka Bank, particularly following its integration into the international OTP banking group, has been characterized by a significant expansion of our capabilities through strategic partnerships. We regard this collaboration as a strategic opportunity to improve accessibility to financing by leveraging advanced digital solutions. This marks a pivotal step in our commitment to establishing a convenient, technologically sophisticated, and customer-centric banking institution,” said Dmitry Sapronov, Deputy Chairman of the Management Board, Ipoteka Bank OTP Group.
«Beepul has already become a familiar tool for paying and managing everyday expenses. Partnership with Ipoteka Bank OTP Group allows us to expand the ecosystem of the platform and offer users access to loans, deposits, and cards in their usual digital format. We strive to ensure that financial services are convenient, transparent, and always at hand," said Anatolii Pavlinov, CEO of Beelab JSC (Beepul fintech service).
A joint project team has been established and has already begun the technical integration process. Among the key focus areas moving forward are the development of Buy Now, Pay Later (BNPL) products and the launch of co-branded cards under international payment systems.
About Ipoteka bank OTP Group
Ipoteka bank became part of the international OTP Group in 2023 and has since launched a major transformation — evolving from a specialized mortgage institution into a full-service universal bank with advanced digital and corporate capabilities. In 2024, the bank achieved outstanding performance: net profit reached UZS 1.84 trillion (approximately $145 million), return on equity (ROE) rose to 30%, and the cost-to-income ratio dropped to a record-low 38%. The bank now serves over 1.7 million customers.
