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Kaspi.kz Announces First Quarter 2021 Financial Results Almaty , Kazakhstan , 26 April 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 unaudited consolidated IFRS financial results for the quarter ending 31 March 2021 . Key highlights • • • о о о Super App MAU up 61 % year - over - year to 10.0 million , DAU up 98 % to 5.4 million . Average monthly transactions per active consumer up 1.8x to a record 32.5 transactions . Continuing on from its hugely successful launch last year , Kaspi Pay continues to scale at an incredible rate and has firmly established itself as the digital payments platform of choice for merchants of all sizes , across all segments of Kazakhstan's retail market . Payments Platform merchants increased 271 % year - over - year to reach 83K . 152K active Kaspi Pay POS devices by March 2021 , up 9.4x year - over - year and equivalent to 46 % share of the country's total POS network . By number of transactions , Kaspi Pay POS Solutions accounted for 52 % of all Kaspi Gold in - store purchase transaction , up from just 4 % in March 2020 . Consumers continue to embrace Kaspi Pay's contactless QR technology . Number of transactions using Kaspi Pay POS Solutions increased 14x year - over - year , with QR accounting for 74 % of transactions in the first quarter 2021 . We expect a larger Payments Platform merchant base to in turn drive another step - up in Marketplace merchant growth . Currently , only 36 % of total merchants are available on both Payments and Marketplace Platforms . In just four months since its launch , Kaspi Travel has taken 20 % share of the flight bookings market and reached profitability . Kaspi Travel's success illustrates Kaspi.kz Super App's powerful network effect and how a large and engaged user base can be efficiently leveraged to expand quickly into new fast - growing addressable markets . Marketplace GMV growth of 75 % year - over - year continues to accelerate . With 63 % market share¹ our e - Commerce platform remains the market leader by a substantial margin . During the first quarter of 2021 e - Commerce GMV increased by 139 % year - over - year . Payments TPV growth of 149 % year - over - year remained consistently high . • Fintech TFV growth accelerated to 40 % year - over - year . • Payments and Marketplace adj . net income² increased 111 % and 113 % year - over - year . Fintech adj . net income trends in the first quarter were consistent with our internal planning , with accelerating growth expected over the remainder of this year . In the first quarter of 2021 share of adj . net income from our faster growing and higher margin Payments and Marketplace Platforms reached 47 % . We continue to expect Payments and Marketplace to account for the majority of our full - year 2021 adj . net income , though with Payments trending above expectations the transformation will likely be more dramatic than we initially planned . 1 PwC , Kazakhstan retail e - commerce market analysis for 2020 , published March 2021 2 Adjusted for stock - based compensation 1