STATISTA DATA ON FINTECH IN KAZAKHSTAN

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FinTech is short for ‘Financial Technology’, the central concept of structural change and digitization within the financial services industry. Under the collective name FinTech (which still lacks a clear definition even within the industry), financial services are understood within the framework of the Digital Market Outlook; digital infrastructures allowing the establishment of new types of agreements and procedures in the classic areas of banking such as lending, investment strategies and payments.

Kazakhstan Highlights:

• The market's largest segment will be Digital Payments with a total transaction value of US$3,822.00m in 2022.
• The average transaction value per user in the Alternative Lending segment is projected to amount to US$20.98k in 2022.
• The Digital Investment segment is expected to show a revenue growth of 36.5% in 2023.
• In the Digital Payments segment, the number of users is expected to amount to 9.01m users by 2026.
• Total Transaction Value in the Digital Payments segment is projected to US$3,822.00m in 2022.
• Due to the major differences in the KPIs of FinTech products, e.g. different nature of loan origination volume in Alternative Lending in comparison to Assets under Management in Robo-Advisors, no total transaction value for all segments can be calculated.

Source: https://www.statista.com/outlook/dmo/fintech/kazakhstan
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