Could eye-catching results from Kazakhstan’s fintech sector signal the rise of a Central Asian powerhouse?
But fintech watchers would be wise to look towards Kazakhstan, the world’s ninth largest country by landmass strategically located between Russia and China, which is fast becoming a centre for fintech innovation.
The country’s young and tech-savvy population is supported by an array of transformative government programmes in line with President Kassym-Jomart Tokayev’s vision to make Kazakhstan ‘one of the largest digital hubs in Eurasia’. This has turned Kazakhstan into an exciting new landscape for high growth fintech firms looking to challenge the established pack.
And the government’s commitment to promoting innovative digital business is illustrated by the Astana Hub which, set up in 2018, offers exemptions from corporate tax, income tax and VAT for goods sold for the more than 1,500 IT companies registered there, ranking today as the largest international technology park in Central Asia.
For more details, visit the website globalbankingandfinance.com.
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Nursultan Kabenov · Sept. 17, 2024 16:12
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