Fitch Ratings has affirmed the ratings of Kazakhstan’s platform Kaspi.kz and Kaspi Bank at BBB− with a stable outlook.
The agency highlighted Kaspi’s unique business model, which combines e-commerce, payments, and financial services in a mobile app, and pointed to its strong capital position and effective risk management. According to the company, more than 26 million customers and about 1 million entrepreneurs use Kaspi’s services across Kazakhstan and Turkey.
