Payment service Paynet is raising its authorized capital by $42.5 million.

The payment service Paynet is increasing its charter capital by nearly 550 billion sums, according to the Unified Portal of Corporate Information.

As per the decision of the extraordinary shareholders' meeting on February 24, Paynet will raise its charter fund to 558.12 billion sums by issuing additional ordinary shares totaling 1.09 trillion units with a nominal value of 500 sums each. The total amount of the issuance will be 547.64 billion sums.

According to the EGRPO data, Paynet's current charter capital is 10.5 billion sums, which is slightly above the minimum amount set by the Central Bank for payment organizations starting July 1, 2024.

The shares are being placed through a closed subscription to the sole shareholder New Industrial Technologies, which previously privatized the payment service. The placement period for the additional share issuance is one year from the date of state registration.

On February 7, the extraordinary shareholders' meeting of Paynet determined the number of declared shares that can be additionally placed alongside the already issued shares, totaling 1.97 trillion ordinary registered shares with a nominal value of 500 sums, amounting to 989.5 billion sums.

Paynet's decision to increase its charter capital may be connected to the purchase of 100% of the shares of the National Interbank Processing Center, which manages the Humo payment service. In January, AUGA announced the sale of the state asset for 840.3 billion sums ($65 million).

According to EPIKU data, AUGA remains the sole founder of Humo (the EGRPO lists "shareholders"). Therefore, either the payment for the deal has not yet been made, or changes have not been made in the state register of legal entities.

Earlier, Spot reported that UPay co-founder Behzod Botirov acquired the payment service Pay Way.