Welcome to our dedicated page for Kaspi kz news (Ticker: KSPI), a resource for investors and traders seeking the latest updates and insights on Kaspi kz stock.
Kaspi.kz (Nasdaq: KSPI) is a technology company that operates the Kaspi.kz and Kaspi Pay Super Apps, combining Payments, Marketplace and Fintech Platforms into a single mobile ecosystem. This news page brings together the company’s public announcements, including quarterly and half-year financial results, strategic updates and other corporate disclosures.
Investors and followers of KSPI can use this feed to review Kaspi.kz’s reported performance across its Payments, Marketplace and Fintech Platforms. The company regularly publishes unaudited interim IFRS financial information for periods such as the first quarter, first half and nine months, as well as detailed press releases summarizing revenue, net income and key operating metrics like total payment volume, gross merchandise value, total finance volume and monthly transactions per active consumer.
Kaspi.kz’s news also covers developments in its Super App ecosystem, including the launch and expansion of services such as e-Grocery, Kaspi Travel, Kaspi Delivery, Kaspi Advertising, Classifieds, Kaspi Restaurants and Kaspi Tours. Announcements have highlighted new payment capabilities like Kaspi Pay QR integrations with banks and AliPay+, the introduction of Kaspi Alaqan pay-by-palm, and the rollout of Kaspi Ai tools to enhance Marketplace product presentation.
Beyond Kazakhstan, company releases describe Kaspi.kz’s strategic steps in Türkiye, including its controlling stake in Hepsiburada, improvement initiatives at that platform and the planned acquisition of Rabobank A.Ş. Regulatory and capital markets updates, such as the filing of the Annual Report on Form 20-F and the issuance of U.S. dollar–denominated notes, are also reported. Bookmark this page to access Kaspi.kz’s official news flow and track how management describes the evolution of its Super App ecosystem over time.
On June 27, 2024, Kaspi.kz (KSPI US) announced it will report its financial results for the second quarter and first half of 2024 on July 22, 2024. The announcement will include a conference call and webcast at 8:00 AM EST (1:00 PM GMT, 5:00 PM Astana time) to review and discuss the results. Interested parties can pre-register for the call through a provided link and will receive access details via email. This event is important for investors looking to gain insights into the company's financial performance for the specified period.
S&P Global has upgraded Kaspi Bank's credit rating to BB+, recognizing the bank's robust financial performance and strategic growth. Kaspi Bank, a key part of Kaspi.kz's Fintech platform, received an upgrade in its long-term global scale rating from BB to BB+ with a stable outlook. The Kazakhstan national scale rating was also lifted to kzAA+ from kzAA-. The rating agency highlighted Kaspi.kz's unique strategy, leading brand, superior asset quality, and strong financial track record. Over the past five years, Kaspi.kz has maintained an average return on equity (ROE) of 80%, with expectations of continued strong earnings. The company's diversification into Payment and Marketplace Platforms has been a significant contributor to its growth and customer loyalty. CEO Mikhail Lomtadze acknowledged the efforts of the team and expressed gratitude to their consumers and merchants.
On May 23, 2024, Joint Stock Company Kaspi.kz (Nasdaq: KSPI) announced the resolutions passed at its Extraordinary General Meeting held on May 22, 2024. The key resolutions included the approval of the meeting agenda and the payment of dividends. A dividend of KZT 850 per common share will be paid for the first quarter of 2024. The dividend payment will commence on May 22, 2024, to shareholders recorded as of May 21, 2024. Payments will be made in cash via wire transfers to shareholders' accounts.
Harvard Business School (HBS) has published a new case study on Kaspi.kz (Nasdaq: KSPI), titled 'Kaspi.kz: Building Trust through Innovation'. This marks the second HBS case study on Kaspi.kz, following the 2019 study 'Kaspi.kz IPO'. The latest study explores how Kaspi.kz's unique corporate culture and commitment to high-quality services have enabled it to build strong customer trust and develop innovative digital products with high adoption rates. The study also examines whether these factors will support Kaspi.kz's expansion beyond Kazakhstan. Mikhail Lomtadze, CEO and co-founder of Kaspi.kz, expressed satisfaction with HBS's focus on the company's culture and service quality. The case study is available on the HBS website.
Kaspi.kz has partnered with Alipay+ to allow its customers to pay using the Kaspi.kz Super App and QR code in China. This partnership aims to provide a seamless payment experience for Kazakhstanis traveling in China, eliminating the need for cash or cards. CEO Mikhail Lomtadze expressed gratitude for the partnership, emphasizing the convenience it brings to customers. Venetia Lee of Ant International highlighted the innovation and service excellence behind the collaboration, aiming to enhance travel and shopping experiences.
Kaspi.kz, a company operating the Kaspi.kz Super App and Kaspi Pay Super App, has filed its Annual Report on Form 20-F for the year ended December 31, 2023, with the SEC. The report is available on the company's investor relations website and the SEC's website.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Kaspi kz (KSPI)?
What is the market cap of Kaspi kz (KSPI)?
