Kaspi.kz Expands Turkish Footprint with Rabobank A.Ş. Acquisition
Event summary
- Kaspi.kz completed the acquisition of Rabobank A.Ş., a fully licensed bank in Türkiye, on July 15, 2026.
- The deal strengthens Kaspi.kz's presence in Türkiye, where it already owns an 86.74% stake in e-Commerce platform Hepsiburada.
- Kaspi.kz operates a Super App model serving 25 million consumers and 900 thousand merchants across Kazakhstan and Türkiye.
The big picture
Kaspi.kz's acquisition of Rabobank A.Ş. underscores its ambition to dominate the Turkish fintech and e-Commerce landscape, following a similar Super App model that has proven successful in Kazakhstan. The move aligns with broader industry trends where digital platforms are consolidating financial services under one ecosystem. With Hepsiburada already in its portfolio, Kaspi.kz is positioning itself as a one-stop shop for consumers and merchants in Türkiye.
What we're watching
- Integration Challenges
- How Kaspi.kz will merge Rabobank A.Ş.'s operations with its existing Turkish e-Commerce and fintech services.
- Regulatory Scrutiny
- Whether the acquisition triggers additional oversight from Turkish financial regulators.
- Competitive Response
- The pace at which local competitors react to Kaspi.kz's expanded banking capabilities in Türkiye.
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