Our most recent report: FinTech in Kazakhstan

FinTech Consult has published its latest research report on FinTech and Financial Inclusion in Kazakhstan, providing a comprehensive overview of one of Central Asia's most dynamic and rapidly evolving financial ecosystems. The report was produced in collaboration with local experts and draws on extensive primary research conducted within the country, including interviews with founders, investors, regulators, and financial institutions.

Kazakhstan presents a compelling and often underappreciated FinTech opportunity. With a population of approximately 19 million, high smartphone penetration, a government strongly committed to digital transformation, and the Astana International Financial Centre (AIFC) serving as a sophisticated regulatory and business hub, the country has the foundations in place for rapid FinTech ecosystem development.

The report covers the full FinTech landscape including mobile payments and digital wallets, digital lending and alternative credit scoring, InsurTech, RegTech, and digital assets — with a particular focus on financial inclusion as a structural growth driver, given that a meaningful share of Kazakhstan's population, particularly in rural areas, remains underserved by traditional banking infrastructure.

Key findings highlight the remarkable success of Kaspi.kz — one of the world's most successful all-in-one digital finance platforms — as both a benchmark for what is possible and a competitive factor that new entrants must navigate thoughtfully. The report also profiles the growing interest from international FinTechs in the AIFC as an entry point to both Kazakhstan and the broader Central Asian market.