Central Asia fintech news
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ForteBank changes ForteLeasing buyer, records impairment loss
Lion Finance Group considers buying major banks in Kazakhstan and Uzbekistan
Business Lending Outpaces Retail in Kazakhstan Amid Regulatory Cooling
Kazakhstan's unified QR processes 210 billion tenge in first month
Kazakhstan and China agree on memorandum between banking and financial associations
Kaspi.kz completes acquisition of Rabobank A.Ş. in Turkey
Freedom Holding Completes Turkish Bank Acquisition, Launches Freedom Bank A.Ş. in Turkey
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AFK: Factoring could give banks access to 43 trillion tenge of short-term business debt
The Association of Financiers of Kazakhstan has assessed the prospects of supply chain finance as an alternative to collateralized loans for SMEs..
Digital tenge to get legal tender status in Kazakhstan
Legislative norms establishing the legal status of the third form of the national currency come into force on July 18..
QR payment volume in Kazakhstan reaches 8 trillion tenge, surpassing POS terminals
The share of cashless payments in the country has stabilized at 87.6%, with preparation for the launch of a unified interbank QR code becoming the main market driver..
Kazakhstan Stock Exchange and CAIER Agree on Free ESG Assessment for Issuers
KASE and the Central Asian Institute for Ecological Research have signed a memorandum that will lower barriers to issuing green bonds in Kazakhstan..
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Kazakhstan's Bank Loan Portfolio Grows by 18%. Bank RBK, Freedom, and Kaspi Lead the Pack
Total loan volume approached 44 trillion tenge. The top ten players account for over 92% of the market while maintaining a consistently low delinquency rate.
Kazakhstan's Senate Approves Amendments to Launch Car Leasing for Individuals
Following a 2025 pilot project, the parliament is updating the legislative framework. Leasing will become an alternative to car loans, allowing drivers to change vehicles without having to sell them.
UAE's Abu Dhabi Commercial Bank Registers New Subsidiary in Kazakhstan
The UAE investor has established a universal bank, capitalized it with 20 billion tenge, and plans to develop Islamic financing.
Halyk Bank Completes Acquisition of Online Cash Register Service re:Kassa
Kazakhstan’s largest bank has become the direct owner of the fintech company, integrating it into its business services ecosystem.
Kazakhstanis Are Withdrawing Less Cash: First Decline Since the Pandemic
The share of cash in card turnover has dropped to a historic low of 12.1%. This marks the first decline in cash withdrawal volumes since 2020.
ARDFM prepares unified resolution rules for troubled banks in Kazakhstan
The regulator has published a draft resolution intended to consolidate mechanisms for dealing with insolvent financial institutions.
From 15 Million Tenge: What Kazakhstan's Banks Offer Private Banking Clients
The premium service market is expanding beyond a narrow circle of the ultra-rich. We break down the conditions, entry thresholds, and main services for wealthy clients.
Kazakhstani startup UvU.kz raises investment from an Azerbaijani fund at a valuation of over $10 million
The urban mobility platform plans to close its pre-Series A round in June. The funds will be used to expand its fleet in Kazakhstan and export technologies to neighboring countries.
Business Lending in Kazakhstan Grows by 20% Driven by Small Enterprises
The corporate loan portfolio reached 18.3 trillion tenge. Small and medium-sized businesses became the main driver, while lending volumes to large companies are stagnating.
Premium banking in Kazakhstan: entry threshold drops to 15 million tenge
The share of medium-sized deposits is growing, and banks are adapting VIP services for a new audience.
Kazakhstani issuers tested the Chinese capital market
Samruk-Kazyna issued panda bonds at 2.18% per annum — cheaper than Hungary and Sharjah
Kazakhstan Banks Earn Record Profits on High Interest Rates
The sector’s net interest income exceeded 4 trillion tenge, but the main source is not lending to the economy