Central Asia has a population of 82 million people, 85% of whom identify as Muslim. Yet as of early 2024, The CIS Islamic banking and finance industry held just $699 million in assets; representing a fraction of a percentage point of global Islamic finance.
Oğuzhan Yılmaz
CIS Sales Manager
There is a moment that captures everything you need to know about Banking as a Service in the CIS and Central Asia’s digital finance story. Kaspi.kz a company that started as a conventional Kazakhstani bank; now controls 65% of digital payments in Kazakhstan, 45% of the entire e-commerce market, and 32% of consumer lending. It […]
Oğuzhan Yılmaz
CIS Sales Manager
Behind this cashless revolution lies a fundamental infrastructure shift that's reshaping the region's financial landscape. The GCC digital banking market, valued at $12.7 billion in 2026 and projected to explode to $47.6 billion by 2032; growing at an exceptional 20.8% compound annual growth rate; represents more than market expansion.
Amr Kandel
GCC Product Director and Country Manager
Africa's financial services landscape is experiencing a digital revolution that's rewriting the rules of banking. At the heart of this transformation lies Banking as a Service (BaaS); a powerful infrastructure model that's democratizing financial services and driving unprecedented levels of financial inclusion across the continent.
Ahmed Samy Tayel
CEO Fimple Egypt
Imagine sitting across from a long-time, loyal business client. They need financing “Islamic banking” to expand their halal food production line, but they hesitate. “The interest,” they say with an apologetic smile, “it’s just not for us.” You know they’re part of the 56% of individuals and 38% of businesses in Uzbekistan who avoid conventional loans due […]
Oğuzhan Yılmaz
CIS Sales Manager
Banking as a Service in Africa is rapidly becoming the most effective way to close the financial inclusion gap across the continent.
Ahmed Samy Tayel
CEO Fimple Egypt
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