Tue, May 13, 2025

Kaspi: Smartphone Registering Rules Slow Online Activity (NASDAQ:KSPI)

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The article from Seeking Alpha discusses the impact of new regulations on Kaspi.kz, a leading fintech company in Kazakhstan, which has introduced mandatory smartphone registration for online transactions. These rules, aimed at enhancing security and reducing fraud, have led to a noticeable slowdown in Kaspi.kz's online activity. The company reported a decline in transaction volumes and user engagement as customers faced difficulties adapting to the new registration process. Despite these challenges, Kaspi.kz remains optimistic about long-term growth, emphasizing the importance of security measures in maintaining trust and stability in its platform. The article also touches on the broader implications for the fintech sector in Kazakhstan, suggesting that while such regulations may pose short-term hurdles, they could ultimately lead to a more secure and robust digital ecosystem.

Read the Full Seeking Alpha Article at:
[ https://seekingalpha.com/article/4785893-kaspi-smartphone-registering-rules-slow-online-activity ]