Who owns Kaspi Alaqan?
Kaspi Alaqan is owned by Kaspi.kz (Kazakhstan, Nasdaq: KSPI).[1]
Evidence: Joint Stock Company Kaspi.kz Annual Report on Form 20-F filed 2026-03-16, SEC EDGAR, 16 March 2026. Verified from filings; last checked .
Key facts
- Current owner
- Joint Stock Company Kaspi.kz verified
- Owner HQ
- 🇰🇿 Kazakhstan, Almaty
- Origin
- 🇰🇿 Kazakhstan
- Founded
- 2025
- Category
- Internet & digital › Digital services › Payments
- Parent ticker
- Nasdaq: KSPI
- Last verified
- · 1 sources
About Kaspi Alaqan
Kaspi Alaqan is the pay-by-palm service Kaspi.kz launched in 2025, which lets a consumer pay by presenting a hand rather than a card or phone — and, the company notes, works when mobile internet does not. Biometric payment at the till is still rare anywhere; that it appeared first at national scale in Kazakhstan rather than in a larger market reflects how completely one company there controls both the consumer and the merchant side of a payment.
What Kaspi.kz's annual report says about Kaspi Alaqan
Sentences about Kaspi Alaqan from Kaspi.kz's latest annual filing[1], copied word for word.
Kaspi QR and Kaspi Alaqan pay-by-palm technology provides end-to-end payments functionality between consumers using the Kaspi.kz Super App and merchants using the Kaspi POS Terminal or Kaspi Mobile POS.
We believe the early results have been impressive, in February 2026, after less than three months, more than 500,000 customers registered, more than 5000 merchants accepting payments and penetration of pay-by-palm is more than 9% of all Kaspi.kz transactions at stores where Kaspi Alaqan is available.
As with Kaspi QR, Kaspi Alaqan leverages our integrated and proprietary payments technology.
How often Kaspi.kz names Kaspi Alaqan in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central. The brand is named more often than it was three years earlier.
Ownership timeline of Kaspi Alaqan
Where Kaspi Alaqan sits in Kaspi.kz
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Kaspi.kz ownership tree →
See the full Kaspi.kz brand portfolio (10) →
Other brands owned by Kaspi.kz
Kaspi.kz controls 10 brands on Brandtree, 10 of them in internet & digital.
Also in internet & digital
Other brands in payments, and who owns them
The 38 brands in payments on Brandtree belong to 21 owners. The largest is PayPal, with 4; Kaspi.kz has 4.
About the owner: Kaspi.kz
Kaspi.kz is a publicly listed company headquartered in Almaty, Kazakhstan, founded in 2008. Brandtree records 10 brands under its control, and it is listed as Nasdaq: KSPI.
Kaspi.kz is a Kazakhstani company, incorporated in 2008 and listed on the Nasdaq Global Select Market, that runs what it calls a two-sided Super App model: the Kaspi.kz Super App for consumers and the Kaspi Pay Super App for merchants and entrepreneurs. It reports three platforms — Payments, Marketplace and Fintech — and says it serves around 27.5 million users, 15.7 million of them in Kazakhstan and 11.8 million in Türkiye. Its Kazakh business is dominant enough that a Kantar survey it commissioned put the Kaspi.kz name first for brand awareness in mobile applications, e-commerce, payments, travel, consumer finance and deposits. It acquired a controlling stake in the Turkish e-commerce platform Hepsiburada in January 2025.
🇰🇿 Kaspi Alaqan and other Kazakhstani brands
Brandtree records a controlling owner for 30 brands that began in Kazakhstan. 1 of them (3%) are now controlled by a company headquartered in another country; Kaspi Alaqan is not one of them.
- Arbuz — Freedom Holding 🇰🇿
- A'SU — RG Brands 🇰🇿
- Air Astana — Air Astana 🇰🇿
- Coca-Cola Almaty Bottlers — Coca-Cola İçecek 🇹🇷
- KTZ Express — KTZ 🇰🇿
- KazMunayGas — KazMunayGas 🇰🇿
Frequently asked questions
Who is the parent company of Kaspi Alaqan?
The parent company of Kaspi Alaqan is Kaspi.kz, a publicly listed company headquartered in Kazakhstan.
Is Kaspi Alaqan Kazakhstani?
Yes. Kaspi Alaqan originated in Kazakhstan in 2025 and its owner, Kaspi.kz, is also headquartered in Kazakhstan.
Is Kaspi Alaqan still owned by Kaspi.kz?
Yes. As of 29 October 2026, Kaspi Alaqan is still owned by Kaspi.kz. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Joint Stock Company Kaspi.kz Annual Report on Form 20-F filed 2026-03-16 — SEC EDGAR, SEC Form 20-F, published 16 March 2026; retrieved 16 September 2026.
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