The bank’s clients can pay for purchases at 31,051 retail locations in the neighboring country via the app. The conversion from somoni to tenge and the exchange rate are displayed before the payment is confirmed.
Kazakhstan’s largest bank is changing its retail business metrics, shifting focus to daily app audience and ecosystem usage frequency.
Kazakhstan’s largest bank has become the direct owner of the fintech company, integrating it into its business services ecosystem.
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.
The regulator has published a draft resolution intended to consolidate mechanisms for dealing with insolvent financial institutions.
Starting June 16, 2026, the Kazakhstani bank will begin charging a fee for depositing Russian currency into individual accounts.
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.
The national electricity grid operator has applied artificial intelligence to automate oversight, already generating billions of tenge in economic impact.
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.
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.
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.
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.
