News
AI, startups, tech and digital transformation — Kazakhstan & the world
Kaspi.kz, a leading fintech player in Central Asia, introduced the Kaspi AI Core platform, integrating machine learning into digital payments and e-commerce. The platform reduces fraud by 40% and speeds up payment processing by 3 times. This is critical now, as the volume of Kazakhstan's fintech market exceeded 12 trillion tenge in 2025. Businesses in Central Asia need to adapt to the AI revolution.
Genspark Claw is the world's first 'AI Employee', performing complex tasks like preparing reports and booking meetings without confirmations. Integration with PowerPoint, Excel, and Word automates corporate processes. For Central Asian businesses, this is an opportunity to accelerate digital transformation now, especially with the growth of IT outsourcing in Kazakhstan.
Today, May 9, 2026, Kaspi.kz announced the launch of an international fintech hub in Kazakhstan, attracting investments from funds in the UAE and Turkey. The hub focuses on developing solutions for digital payments and e-commerce, integrating AI for instant transfers. This is critical as the CA market grows by 45% annually, with Kazakhstan leading with 28 million active mobile payment users.
Kazakhstan and neighboring countries in the region are becoming a hub for fintech and digital payment startups. Companies operating at the intersection of East and West are receiving increasing attention from venture capital funds. The development of the digital economy in the region is creating new opportunities for innovation in e-commerce and financial technologies.
MarketBeat included Joint Stock Company Kaspi.kz in the list of the top five leading fintech stocks with the highest dollar trading volume. The Kazakhstan-based company has outperformed many competitors in the payments, marketplaces, and fintech segments. This event underscores the growing global significance of Kazakhstani technology today, as investors seek high-yield assets with growth potential.
Kaspi.kz, Kazakhstan's largest payment platform and marketplace, has entered the top fintech stocks for investors to track alongside American and Chinese giants. The company represents Kazakhstan in the global fintech sector, demonstrating that regional players can attract the attention of international capital. This is important for the development of the digital economy in Central Asia and attracting investment in local technology companies.
Kazakhstan's largest fintech holding, Freedom Holding Corp., has reached a new milestone of international recognition with the first rating of its flagship bank. The Ba3 rating reflects the bank's solid capitalization, dynamic growth in its customer base, and successful development of digital services. This event is strategically significant for the region, as Freedom Holding is actively expanding its presence in Georgia, Turkey, and other countries.
On March 18, 2026, Moody's awarded Freedom Bank Kazakhstan a Ba3 rating, noting strong capitalization and customer base growth. This is the first rating from the agency for the bank and a key step towards international recognition. The news is important today as the company expands its presence in Georgia and Turkey, strengthening its position in Central Asia's fintech.
Kazakhstan's leading fintech company Kaspi.kz (Nasdaq: KSPI) published Form 20-F, detailing its super app performance and development strategy for 2025. The report demonstrates how the Kazakhstani platform integrates payments, marketplace, and financial services into a unified ecosystem, attracting millions of users. This is important for the region as it demonstrates Kazakhstan's potential as a fintech hub in Central Asia.
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