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.