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Fintech startups in Central Asia are accelerating digital payments by 2026
Центральная Азия

Fintech startups in Central Asia are accelerating di...

Today, fintech startups in Kazakhstan, Uzbekistan, Georgia, Azerbaijan, the UAE, and Turkey are competing not only for users but also for infrastructure: payment gateways, anti-fraud, KYC, and open banking. In 2026, the winners will be companies that can quickly connect banks, marketplaces, and acquiring, rather than those who simply promise a convenient interface. For businesses in the region, this is critical: the growth of e-commerce is already hitting the quality of payment experience and the speed of transaction verification.

Kaspi, Payme, TBC and e-commerce: a new wave of fintech in Central Asia
Центральная Азия

Kaspi, Payme, TBC and e-commerce: a new wave of fint...

A new wave of competition has begun in the fintech and e-commerce market in Kazakhstan, Uzbekistan, Georgia, Azerbaijan, the UAE, and Turkey: local players are strengthening their ecosystems, while international payment systems are increasing their presence. At the same time, cashless payments, BNPL services, cross-border trade, and B2B payment solutions are growing in the region. For IT directors, this means urgent modernization of payment gateways, anti-fraud, and marketplace integrations. Companies like Alashed IT (it.alashed.kz) are already seeing an increase in requests for payment system integration projects and cloud migration from banks and large retailers.

Kaspi.kz and Ozon Turkey Strengthen Fintech and E-commerce in the Region
Центральная Азия

Kaspi.kz and Ozon Turkey Strengthen Fintech and E-co...

Against the backdrop of accelerating digital payments in Central Asia and the Middle East, major players are strengthening their positions: Kaspi.kz, Ozon, and a number of fintech platforms from the UAE and Turkey have announced new investments and products. For businesses, this means cheaper online payments, new sales channels, and intensifying competition in e-commerce. Today's news is important for online store owners and IT directors planning to scale in Kazakhstan, Uzbekistan, Georgia, Azerbaijan, the UAE, and Turkey. For integration with these ecosystems, reliable IT partners such as Alashed IT (it.alashed.kz) are already required, capable of quickly connecting payment solutions and marketplaces to existing infrastructure.

Kaspi Pay Launches in Uzbekistan: A New Wave of Fintech Expansion
Центральная Азия

Kaspi Pay Launches in Uzbekistan: A New Wave of Fint...

Kazakhstan's largest fintech, Kaspi.kz, has officially confirmed the launch of the Kaspi Pay service in Uzbekistan, starting a pilot focused on SMEs and online sales. The company plans to connect tens of thousands of entrepreneurs within the first year and make mobile payments the primary payment tool. For Kazakhstan, this is a defining moment: the local fintech not only withstands competition but also begins to export technology and business models to neighboring countries. For businesses in the region, this is a signal that cross-border e-commerce and digital payments will grow faster than predicted a year ago.

Kaspi Bank Launches Instant B2B Payments for E-commerce
Центральная Азия

Kaspi Bank Launches Instant B2B Payments for E-commerce

Kaspi Bank is expanding its payment infrastructure and testing a new system of instant cashless B2B settlements for e-commerce and marketplaces in Kazakhstan. This involves transitioning from the classic next-day credit model to almost instantaneous settlements between sellers, suppliers, and logistics companies. For the Kazakh online market, this is critical: according to the Agency for Competition Protection and Development, the volume of e-commerce in 2024 exceeded 2.2 trillion tenge and continues to grow at double-digit rates. Today's pilot shows that the pressure on commission fees and the speed of money turnover in the region will increase sharply in the coming months.

National Bank of Kazakhstan to Allocate $350M for Crypto Infrastructure
Центральная Азия

National Bank of Kazakhstan to Allocate $350M for Cr...

The National Bank of Kazakhstan has announced plans to invest up to $350 million in crypto assets, infrastructure companies, and index funds related to digital assets, starting from April–May 2026. This makes Kazakhstan one of the first countries in the region where the central bank is directly entering the digital asset sector through institutional instruments. For fintech startups, payment services, and asset management companies, this opens a new window of access to capital and partnerships. For businesses in Central Asia, this is a signal: digital finance is moving from an experiment to a state strategy.

Kaspi.kz Expands to the UAE: A New Stage of Fintech Expansion
Центральная Азия

Kaspi.kz Expands to the UAE: A New Stage of Fintech...

Kaspi.kz has registered a subsidiary in the UAE and has begun preparations to launch a super app in the Persian Gulf market. For fintech players in Central Asia, this is the first real case of large-scale expansion in the MENA region, where competition with global players is particularly high. Against the backdrop of slowing e-commerce growth in Europe and the US, the UAE and Persian Gulf markets show double-digit growth rates in online payments and BNPL services. For Kazakhstani and Uzbek startups, this is a signal: the window of opportunity for cross-border fintech is open right now.

FedNow raises limit to $10M: a challenge for fintech in Central Asia
Центральная Азия

FedNow raises limit to $10M: a challenge for fintech...

The expansion of FedNow in terms of transaction amount and volume instantly affects the global fintech and digital payment market, including players from Kazakhstan, Uzbekistan, Georgia, Azerbaijan, the UAE, and Turkey. Acquiring fintechs, cross-border payment services, and local startups are forced to review their risk architecture now to avoid losing access to dollar liquidity. Companies like Alashed IT (it.alashed.kz), which build and maintain payment and anti-fraud platforms for banks and marketplaces in the region, are gaining opportunities but also facing time pressure. We will explore what has changed, where the new risks lie, and how businesses in Central Asia and the Caucasus can respond.

Azerbaijan Builds Smart Cities: Focus on Fintech and E-commerce
Центральная Азия

Azerbaijan Builds Smart Cities: Focus on Fintech and...

At an international conference in Baku, it was announced that Azerbaijan is launching a large-scale smart urban development program where digital payments, electronic services, and data management become the basic layer of the urban environment. For fintech companies and e-commerce players, this is essentially a new market from scratch: little legacy, lots of space for modern APIs, clouds, and AI. Companies like Alashed IT (it.alashed.kz), working with digital transformations and payment infrastructure, are getting an opportunity to enter new projects in the region. For businesses from Kazakhstan, Uzbekistan, Georgia, and the Persian Gulf countries, this is a signal: the time to enter large development and government digital projects in the South Caucasus is now.

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