Fintech in Kazakhstan 2026
Fintech in Kazakhstan 2026
Kazakhstan's fintech sector is entering a new stage: banks are strengthening their positions in the mass consumer market, while independent fintech companies are increasingly shifting towards B2B, infrastructure solutions, and emerging technologies.
About This Research
Key findings from the annual national study «Fintech in Kazakhstan 2026», prepared by RISE Research & Advisory in partnership with Tarlan Payments, BCC Hub, and Fintech Center, with the support of the National Bank of the Republic of Kazakhstan:
The study shows that Kazakhstan's fintech market has formed around large banking ecosystems. Banks have captured a significant share of the mass consumer market, making it increasingly difficult for independent technology companies to compete for end customers. At the same time, the development of Open Banking, BaaS, and shared payment infrastructure creates new opportunities for technology businesses.
Key Findings
- —69% of banking sector assets are concentrated among the five largest banks
- —88% — share of cashless transactions in 2026
- —$17B — QR payment turnover in January–May 2026
- —$72M — venture capital invested into Kazakhstani fintech startups over 2021–2025
- —~75% of Kazakhstan's banks are already using AI
Official research release at Central Asia Fintech Summit 2026
Sources & Publications
Искусственный интеллект на финансовых рынках Центральной Азии
Искусственный интеллект на финансовом рынке Казахстана
