According to the bank, the new infrastructure should accelerate settlements for international securities, but product details for clients have not yet been disclosed.
Kazakhstan’s largest bank has become the direct owner of the fintech company, integrating it into its business services ecosystem.
The Competition Committee allowed a TBC entity to acquire 100% of the classifieds service but prohibited it from imposing its own payment services on users.
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.
The office is aimed at merchants and shoppers, offering identification for Alif Mobi, currency exchange, and card issuance.
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.
The regulator is discussing new approaches to BNPL service supervision with the Asian Development Bank. The focus is on consumer protection and data exchange with credit bureaus.
The bank showcased corporate products with a stated rate starting at 21% and reported donating funds saved on exhibition stand construction to an oncology center.
