Central Asia fintech news
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Halyk Bank Prepares to Launch AI Assistant, Crypto Card, and Islamic Products
Kazakhstan’s largest bank is changing its retail business metrics, shifting focus to daily app audience and ecosystem usage frequency.
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.
Bank CenterCredit introduces a 5% fee for cash ruble account deposits
Starting June 16, 2026, the Kazakhstani bank will begin charging a fee for depositing Russian currency into individual accounts.
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.
KEGOC Implements AI for Monitoring and Forecasting in Kazakhstan's Power Grid: Economic Effect Exceeds 16.6 Billion Tenge
The national electricity grid operator has applied artificial intelligence to automate oversight, already generating billions of tenge in economic impact.
Kazakhstan tests SKAI-Contract AI module in energy sector procurement
An electronic procurement platform has been launched as part of the national project to modernize housing, communal services, and energy. The Ministry of Industry and Construction is currently testing an algorithm designed to handle routine document work and the knowledge base.
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.
Kazakhstan prepares mandatory bank fee to rescue systemically important players
ARDFM and the National Bank have drafted bank crisis resolution rules. The payment to a single treasury account could reach up to 0.2% of a financial institution’s liabilities.
Kazakhstanis Are Ready to Buy via Neural Networks: What the Yandex Ads Study Means for Fintech
60% of users state they are ready to make purchases using AI assistants. A quarter of Yandex Search queries in the country are already processed by neural networks.