"Kaspi.kz's recent earnings call painted a picture of robust growth and innovation, despite facing some external challenges. The company demonstrated strong performance in its payments and marketplace segments, while also introducing new services that promise to enhance its market position. However, disruptions in smartphone supply and external financial factors posed notable challenges during the period. Strong Growth in Payments and Marketplace Segments Kaspi.kz reported impressive growth in its payments and marketplace segments."
"The total payment volume (TPV) increased by 18%, and revenue grew by 10%, leading to a net income growth of 12%. The marketplace segment also showed resilience, with a 12% year-over-year growth in gross merchandise value (GMV), which reached 20% growth when excluding the impact of smartphone supply disruptions. E-Grocery Expansion and Growth The e-Grocery segment was a standout performer, with GMV growing by 53% and transactions increasing by 55%."
Kaspi.kz reported robust growth across payments and marketplace businesses, with total payment volume rising 18%, revenue up 10%, and net income increasing 12%. The marketplace achieved 12% year‑over‑year GMV growth, or 20% excluding smartphone supply disruptions. E‑grocery expanded rapidly, with GMV up 53%, transactions up 55%, serving 1.3 million customers and plans to enter at least two additional cities. New services such as pay by palm, advertising offerings, and the Kaspi AI Assistant boosted advertising revenue by 56% year‑over‑year. Hepsiburada saw a 16% increase in purchase volumes driven by investments in delivery, payments, and user experience. Smartphone supply disruptions and external financial headwinds posed notable challenges.
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