Astanatimes iconAstanatimesSep 23, 2026

Kazakhstan’s Banks Dominate First Fintech Wave, But Infrastructure is Driving Next

ASTANA – Kazakhstan's largest banks have come to dominate one of Central Asia's most digital consumer finance markets, leaving less room for independent fintech startups and pushing the sector's next phase of growth toward open banking, embedded finance and shared financial infrastructure, according to a new industry report.

Kazakhstan’s Banks Dominate First Fintech Wave, But Infrastructure is Driving Next

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ASTANA – Kazakhstan's largest banks have come to dominate one of Central Asia's most digital consumer finance markets, leaving less room for independent fintech startups and pushing the sector's next phase...

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ASTANA – Kazakhstan's largest banks have come to dominate one of Central Asia's most digital consumer finance markets, leaving less room for independent fintech startups and pushing the sector's next phase of growth toward open banking, embedded finance and shared financial infrastructure, according to a new industry report.

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ASTANA – Kazakhstan's largest banks have come to dominate one of Central Asia's most digital consumer finance markets, leaving less room for independent fintech startups and pushing the sector's next phase of growth toward open banking, embedded finance and shared financial infrastructure, according to a new industry report.

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