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Posted by
Two Blokes Tue at 8:15 AM -
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Stock
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Smartphone registering rules hit online activity and knocked a few hundred bps off growth. Smartphones will get more expensive for Kazakhs, and volumes disrupted for now. They also had to provision for higher credit losses due to persistently high rates, continuing inflation and petro-macro concerns. This dinged their fintech business. But they are drawing in a lot of new funds with the deposit options for Kazakhs. Moreover, the growth is still continuing in their directly provided services, lifting take rates.
