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Kaspi.kz Announces Fourth Quarter and Full - Year 2020 Financial Results Almaty , Kazakhstan , 1 March 2021 - JSC Kaspi.kz ( " Kaspi.kz " , " we " , or the " Company " ) which operates the Kaspi.kz Super App , Kazakhstan's leading mobile Super App , today publishes its audited consolidated IFRS financial results for the fourth quarter and full year ending 31 December , 2020 . Key highlights ● Super App MAU up 59 % to 9.1 million , DAU up 155 % to 4.9 million . Average monthly transactions per active consumer increased 1.9x to reach a record 28.0 transactions . Adj . 2020 net income of KZT274,318 million¹ ahead of November 2020 guidance of ' around KZT270 billion ' . Every IPO KPI delivered upon or exceeded . In 2020 we have had an even greater strategic focus on innovation for merchants than ever before . Kaspi Pay Pos Solutions has emerged as a breakout product . 38 % of all Kaspi Gold in - store PoS transactions migrated to Kaspi Pay in December 2020 . Proposed dividend of around KZT171 billion to be paid in April 2021 , subject to shareholder approval . User and financial momentum since the start of the current year has been strong and for full - year 2021 we expect adj . net income to be around KZT410 billion . In 2021 we expect the majority of net income to come from faster growing Payments and Marketplace Platforms . Mikhail Lomtadze , Kaspi.kz CEO and co - founder , commented : Kaspi QR Scan & Pay reached 64 % of all acquiring transactions on Kaspi Pay PoS devices due to remarkable adoption of QR payments by both consumers and merchants . In the fourth quarter of 2020 share of adj . net income coming from our Payments and Marketplace Platforms reached 46 % . " In 2020 user momentum at Kaspi.kz remained phenomenal , with every one of our platforms either delivering upon or exceeding the detailed KPI's we set out during our IPO . In turn this resulted in another set of excellent financial results , with adjusted net income of KZT274 billion above guidance of around KZT270 billion that we communicated last November . In addition , I'm delighted that our Board of Directors has proposed a dividend of around KZT171 billion . 1 Despite the unpredictable backdrop , 2020 was another year in which Kaspi.kz continued to transform rapidly in order to meet the digital needs of consumers and merchants in Kazakhstan . During the year Super App MAU increased to 9.1 million , up significantly from 5.7 million in 2019 , with engagement levels once again hitting record highs . DAU increased to 4.9 million , an increase of more than 150 % year - over - year . Our earnings mix also continued to diversify quickly during the year , with 46 % of adj . net income now from our Payments and Marketplace Platforms , up from 28 % in the first quarter of 2020. Full year 2020 adj . net income growth of 43 % year - over - year , a net income margin of 43 % and substantial cash return to shareholders demonstrates that our business model can deliver not only growth at scale but do so in a way that is highly profitable and cash generative . Kaspi.kz's success is a direct result of our unrelenting focus on high quality digital innovation and in 2020 we released more product than ever before . Kaspi QR Scan & Pay , Kaspi Travel and a range of in - app government services were some of our most important consumer targeted products launched last year . However , 2020 was also pivotal for the Kaspi Ecosystem , with an even greater strategic focus on innovation for merchants . Kaspi Pay Pos Solutions has emerged as a breakout product , accounting for 38 % of all Kaspi Gold in - store Pos transactions in December 2020 despite having only been launched earlier in the year , with Kaspi QR Scan & Pay accounting for a majority of acquiring transactions on our devices . Rapid take - up of Kaspi Pay led to an 182 % year - over - year increase in Payments Platform merchants during the quarter ending 31 December 2020 and the real benefit of this will be magnified in 2021 as new merchants shift a growing share of their payment volumes to Kaspi Pay . Adjusted for share based compensation in 4Q20