Payment methods in Kazakhstan

Asia

3methods

2banks

Kaspi.kz is a dominant super-app with 13M+ monthly active users, handling payments, marketplace purchases, lending, and government services in a single platform

Market takeaways

Kaspi.kz is a dominant super-app with 13M+ monthly active users, handling payments, marketplace purchases, lending, and government services in a single platform
Over 85% of transactions in Kazakhstan are cashless, one of the highest rates in the region, largely attributable to Kaspi's market penetration
Halyk Bank (Homebank app) and Forte Bank are the two other significant digital banking and payments players
Smartphone and internet penetration are high (~90% and ~85% respectively), providing the infrastructure base for continued digital payment growth
Kazakhstan's government has been a driver of digital payments adoption through mandatory e-invoicing, state service digitalisation, and support for QR payment interoperability

Population

19.5M

Online population

16.5M

B2C e-commerce

$4.5B

Banked population

~80%

Payment method breakdown

Cash15%

Card scheme breakdown

Market data coming soon.

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Kazakhstan

Popular options based on coverage and prominence in this market.

Forte App

Forte Bank's Forte App is a digital banking and payments application offering card issuance, P2P transfers, QR merchant payments, and cashback rewards. It serves as a notable third-party payment option in Kazakhstan's increasingly digital financial landscape.

Halyk Bank (Homebank)

Halyk Bank is Kazakhstan's largest bank by assets, and its Homebank app is a major digital payments platform offering card management, P2P transfers, QR payments, and bill payments. While smaller than Kaspi in daily active usage for payments, Halyk Bank's institutional scale makes Homebank a significant secondary payment rail.

Kaspi.kz

Kaspi.kz is a super-app that has evolved from a traditional bank into Kazakhstan's leading technology company, consolidating payments, e-commerce, lending, and financial services into a single platform. Over 85% of transactions in the country are cashless due to its widespread adoption, and the Kaspi QR payment system is accepted at virtually all Kazakhstani merchants. Its marketplace, Kaspi Shop, is the dominant e-commerce destination in the country.