Kaspi.kz Community

Key Takeaways Innovative merchant products and digital innovations are set to enhance merchant engagement, improve operational efficiency, and drive net margin growth. Expansion into new markets and consumer verticals offers diversification and substantial growth opportunities, boosting overall revenue and earnings potential.

Key Takeaways Fast expansion into new verticals, super-app integration, and superior user experience position Kaspi.kz for significant outperformance in revenue and profit growth. Entry into Turkey, AI-driven financial services, and digital ecosystem maturation enable transformation into a high-margin, regionally dominant fintech and e-commerce leader.

Key Takeaways Exposure to regulatory changes, rising funding costs, and new taxes threatens Kaspi.kz's margins, revenue stability, and long-term profitability. International expansion faces significant risks amid political instability, early fintech losses, and difficulty replicating the domestic business model.