JSC Kaspi.kz Kaspi.kz Launches Online Travel Platform (8889H)
December 08 2020 - 2:00AM
UK Regulatory
TIDMKSPI
RNS Number : 8889H
JSC Kaspi.kz
08 December 2020
Kaspi.kz launches online travel platform Kaspi Travel
Almaty, Kazakhstan - 8 December, 2020 - Kaspi.kz announces the
launch of its online travel platform, Kaspi Travel. Kaspi.kz's more
than 8.5 million users can now purchase domestic and international
flights from over 700 airlines through the Kaspi.kz Super App.
Mikheil Lomtadze, Kaspi.kz co-founder and CEO, commented:
"Kaspi Travel is our latest product addition to the Kaspi.kz
Super App. Our users can search, book and seamlessly buy airline
tickets. Kaspi Travel is fully integrated with our Payments and
Fintech Platforms, allowing payment with the Kaspi Gold virtual
card or by installments using our buy-now-pay-later consumer
finance products. Our large and highly engaged Super App user base,
combined with our innovative product proposition should allow us to
quickly become Kazakhstan's leading online travel operator.
Although the COVID-19 pandemic has severely disrupted the global
aviation industry this year, the long-term growth opportunity
remains substantial. In 2019 Kazakhstan was one of the fastest
growing domestic aviation markets in the world, with more than 8.6
million passengers transported, up 9% year-on-year. Sitting at the
heart of Central Asia, Kazakhstan is also an important gateway to
some of the world's largest and fastest growing markets including
Russia, China and India. According to our estimates, Kazakhstan's
domestic and international air passenger market is worth around $1
billion. We are excited to enter this large market and expect to
play a major role as demand recovers in 2021 and beyond.
The launch of Kaspi Travel, follows our acquisition earlier this
year of Santufei, Kazakhstan's one of the leading online platforms
for purchasing airline tickets. In 2021 we plan to integrate a raft
of new travel functionality into our Super App, including online
check-in, seat reservations and payment for additional baggage.
Over time we will also expand Kaspi Travel into new markets,
including ground transportation, hotels and package holidays. Kaspi
Travel should once again allow us to grow usage of our Super App
and better serve the day-to-day needs of our valued consumers."
About Kaspi.kz
Kaspi.kz is the largest Payments, Marketplace and Fintech
Ecosystem in Kazakhstan with a leading market share in each of its
key services and products. At the core of the Kaspi.kz Ecosystem is
the Kaspi.kz Super App, the leading mobile app in the country.
The Kaspi.kz Super App serves as a single gateway to all
services and is an integral part of people's daily lives in
Kazakhstan. As people's daily lives become increasingly
digitalised, Super App usage is expected to grow supported by
accelerating consumer adoption of cashless payments, e-Commerce and
digital financial services.
Kaspi.kz's Ecosystem business model, where the growth and
development of one service contributes to the growth and
development of other services, creates a powerful virtuous cycle. A
growing number of services being used by consumers results in
synergies across all Platforms, structurally high profitability and
creates a powerful self-reinforcing network effect, giving Kaspi.kz
strong competitive advantages.
For further information:
David Ferguson
+44 7427 751 275
david.ferguson@kaspi.kz
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