Kazakhstan

Evgeni Pitolin, managing director of Kaspersky Lab in Central Asia and Mongolia, has stated that the number of cyber-attacks on Kazakh banks has increased in 2018, becoming even more complex …

The application ‘Uber’ has revolutionized not only the transportation industry but also how people have come to expect services to be offered to them. Technology companies and innovators are continuously …

The National Bank of Kazakhstan has implemented the new ‘Invest Online’ system, an innovative solution designed to operate as a simple, free tool for individuals to invest their money in …

Alfa-Bank has launched Alfa Network, a Russian-language marketplace platform, in Russia, Kazakhstan and Belarus. Alfa Network allows users to post and find offers for trade transactions, buy and sell assets …

SME Banking Club will host an international conference October 18-19, 2018 in Almaty. The conference, aimed at stimulating the development of the SME banking segment, includes representatives from more than …

Eurasian Bank has launched the Eurasian Pay digital wallet, allowing users of MasterCard cards in Kazakhstan to be able to pay for purchases using an android mobile device. In order …

The functionality of Bank Home Credit’s ‘Credit Assistant’ mobile app has been integrated into their new mobile app, known as ‘Home Credit Bank of Kazakhstan’. This new app, which has …

The National Bank of Kazakhstan is working on a system of remote customer identification that will allow customers of financial institution to access banking services online. This would include such …

The National Bank of Kazakhstan has developed a number of amendments that will regulate online lending. Specifically, the amendments will: Require loans be issued only in the national currency Establish …

Online microlending in Kazakhstan has been steadily growing in the past few years. In 2015, it amounted to KZT 2.5 billion. In 2016, this figure rose to KZT 8.9 billion, …

The National Bank of Kazakhstan is preparing the largest reform in ten years, which will greatly impact online lenders. Currently, the online microloan market in Kazakhstan is almost not regulated …

Chocofamily has launched a new mobile application called Rahmet. The application allows users to pay bills from their phone and receive up to 20% in cashback and other discounts. The …

The number of payment cards in circulation in Kazakhstan is on the rise: the number of debit cards has increased 24.3%; the number of credit cards has increased 21.1%; and …

As FinTech continues to become an important aspect of how financial markets all over the world operate, pressure from Kazakh regulators and information attacks directed against the online lending sector …

In Kazakhstan, the rigid regulations of financial companies now also apply to online lending companies, leaving many to wonder if FinTech companies can thrive (or even survive) under such conditions. …

Digitization and the development of innovative technologies have contributed to the active transition of the banking sector to remote payment channels. In total in the first three quarters of 2017, …

The Fintechstars hackathon took place in Almaty and featured 100 programmers working to develop financial technology projects. During the 48-your hackathon, participants proposed various projects, including many for services to …

The International Financial Center Astana (IFCA) will begin cooperation with Amazon Web Services (AWS) to develop a fintech ecosystem and maintain the atmosphere of innovative startup projects in Kazakhstan. Each …

Visa has awarded Alfa-Bank Kazakhstan for the successful launch of the Beeline card, a unique product for the domestic e-commerce market that was launched with Beeline Kazakhstan and the fintech …

The usefulness of Big Data and how this type of analytics can be deployed in financial institutions is only starting to be understood in Kazakhstan. Specifically, there are a number …