tbc bank said tuesday that it has agreed to buy the remaining 49 stake in payme for 557 million in cash the georgiafocused lender said it has signed a sales and purchase agreement to acquire the minority shareholding from the founding shareholders in llc inspired its payments subsidiary operating under the payme brand in uzbekistan tbc now owns payme in its entirety paymes revenue and pretax profit in 2022 stood at 175 million and 114 million respectively with 31 million active monthly users at the end of march 2023 the consideration will be satisfied in cash within 10 banking days from completion and it implies a total value of 1136 million for the company the acquisition will allow us to capture the strong synergy potential between the payments business and our digital bank tbc uz by leveraging a large user base and a diverse product range i strongly believe that our joint efforts in these two businesses will accelerate the achievement of our midterm targets for our uzbek operations return of equity of at least 30 monthly active users of 5 million and 1015 share of the groups net income chief executive vakhtang butskhrikidze said shares at 1033 gmt were up 50 pence or 02 at 24350 pence