Kaspi.kz runs a single app that people use to pay, shop, and borrow money, and its shopping and financial services are helping it grow while staying profitable. The big question is whether it can keep that momentum as it expands beyond Kazakhstan and navigates rules and economic swings that could slow it down.Read more
Kaspi.kz is trying to keep its growth story on track by deepening its all-in-one app and pushing into new products and new countries, even as rules and tougher competition shake up some of its biggest lines of business. The big question is whether it can keep users spending and merchants onboard while higher rates, lower-margin categories, and overseas expansion risks test profitability.Read more
Kaspi.kz looks like a fast-growing finance-and-shopping app, but its growth story may be more fragile than it seems because it leans heavily on one home market while facing rising security, regulation, and political risks. See why tougher competition and the cost of expanding abroad could squeeze profits even if customers keep coming.Read more
Kaspi.kz is betting that more people in Central Asia and beyond will pay through phones instead of cash, using one app for shopping, payments, and everyday money needs. The big upside comes from expanding into new countries and new services, but tighter rules, tougher competition, and reliance on its home market could slow that momentum.Read more
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Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech. The Payments segment offers a platform that facilities transactions between and among merchants and consumers. This segment provides ways for consumers to pay for shopping transactions and regular household bills, as well as make peer to peer payments; and enables merchants to accept payment online and in store, issue and settle invoices, pay suppliers, and monitor merchant turnover. It also offers proprietary data, which facilitates informed decision-making across multiple areas of business. Its Marketplace Platform segment connects both online and offline merchants with consumers, enabling merchants to increase sales through an omnichannel strategy and allowing consumers to purchase products and services from various merchants. This segment operates marketplaces through m-commerce, a mobile solution for shopping in person; e-Commerce, which allows consumers to shop anywhere and anytime with free delivery; and Kaspi Travel that allows consumers to book domestic and international flights, domestic rail tickets, and international package holidays. It also enhances merchants’ sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with buy-now-pay-later, finance and savings products, and merchants with merchant finance services. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; e-grocery; classifieds; and storage and processing of information services. Joint Stock Company Kaspi.kz was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.
