Kaspi.kz announced robust financial results for the second quarter of 2026, showcasing a 15% surge in total revenue. This growth was primarily fueled by significant expansion in both its e-commerce and fintech operations. The company also unveiled its advanced AI personal assistant, Kasper, which has already demonstrated remarkable user engagement and efficiency in its initial launch phase in Kazakhstan.
Key strategic developments include Kaspi.kz's entry into the Turkish market through the acquisition of Rabobank, which has been rebranded as Hepsi Bank. This acquisition lays the groundwork for a major fintech product launch slated for 2027, indicating the company's ambition for international growth. Additionally, the introduction of Kasper, an AI-powered shopping assistant, has quickly gained traction, with 20% of Kazakhstani customers utilizing it within its first month. Kasper aims to revolutionize the shopping experience by providing quicker and more relevant product recommendations, integrating seamlessly into the company's super-app ecosystem. Despite macroeconomic challenges such as elevated interest rates in Kazakhstan and the depreciation of the Turkish Lira, the company maintains a positive outlook, evidenced by a proposed 18% increase in dividends.
The company's focus on technological innovation and strategic market penetration positions it for sustained long-term success. By continuously enhancing user experience through tools like Kasper and expanding its robust fintech offerings, Kaspi.kz is not merely adapting to market demands but actively shaping the future of digital commerce and financial services. Its commitment to customer satisfaction and operational excellence ensures a strong foundation for future growth and market leadership.
