Kazakhstan
Central Asia's Rising Star in Digital Finance
Kazakhstan is rapidly emerging as a key fintech hub in Central Asia, fueled by government digitalization initiatives, a tech-savvy population, and a growing startup ecosystem. With its strategic location bridging Europe and Asia, the country is becoming a hotspot for innovative financial solutions.
Why Kazakhstan for Fintech?
✅ Government Support: The Astana International Financial Centre (AIFC) and Digital Tenge (CBDC) project showcase Kazakhstan’s commitment to fintech growth.
✅ Regulatory Sandbox: The AIFC Fintech Lab allows startups to test innovations in a controlled environment.
✅ High Digital Adoption: Rising smartphone penetration and internet access drive demand for mobile banking and e-payments.
✅ Strategic Location: Kazakhstan connects major markets like China, Russia, and Europe, making it ideal for cross-border fintech solutions.
Key Fintech Trends
- Digital Payments & E-Wallets: Solutions like Kaspi.kz, Halyk Bank’s mobile apps, and Altyn Bank’s QR payments dominate the market.
- Open Banking & APIs: Banks are increasingly adopting open banking to enable fintech collaborations.
- Blockchain & Crypto: The AIFC is a regional crypto hub, with Binance and other exchanges operating under clear regulations.
- AI & Lending Tech: AI-driven credit scoring and P2P lending platforms are gaining traction.
The Future of Fintech in Kazakhstan
With the Digital Tenge pilot, expanding startup ecosystem, and increasing foreign investment, Kazakhstan is set to become Central Asia’s leading fintech innovator.
We support you in starting successfully
- Researching the local FinTech market
- Setting up and running a local subsidiary on behalf of you
- Advising you on funding and government support
- Introducing you to key decision-makers
- Finding the right location for your office in Kazakhstan
- Supporting marketing and sales initiatives
- Identifying and facilitating pitching opportunities
- Evaluating and recommending accelerator & incubator programs
- Educating you on the latest trends in Central Asia
Please find our most recent report on FinTech in Kazakhstan here.