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There is a little progress compare to February in March (3,77%->4,09%), Alhamdullilah.

We do our best with noble intention to provide values to clients and Allah gives barakah


P.S. Oson went to others’ category and would be out of the game possibly. Oson’s Founder is focusing on Kazakhstan, UAE markets based to our observation. Payme’s share slightly decreased

~Alhamdullilah, 14% MoM growth of our market share from March to April and it became 4,62% among payment organization in Uzbekistan 🇺🇿

Hard & smart work, persistence, consistency and discipline are pillars to achieving dreams, in sha Allah 🤲

Going for a vocation for 2 weeks starting from Monday, 25.05.24.

Will try to reflect for the past 5 months and refresh myself: spiritually, intellectually, and physically.

For now just wanted to share what I have learned along the journey that I had.

If you have something worth dying for, your life is worth living for:

There's a powerful truth: having a cause that ignites your passion makes life worth living. For me, that passion translates into projects with real impact.

There's no greater satisfaction than taking ownership, pouring your focus and energy into a project you believe in, and witnessing the positive outcomes – exceeding expectations, with the blessings of Allah.

The past 6-7 years with Alif have been a testament to this. From introducing QR payments in Khujand, Tajikistan (when the concept was entirely new) to overcoming challenges and building infrastructure from scratch with local Uzbek banks, the journey has been incredible

Three key skills have been crucial on this journey:
1. Hard Work: Putting in relentless effort.
2. Persistence: Being like a bulldozer, doing whatever it takes. Tear the earth with your teeth and gnaw. Die, but do it and take it to the end. Period. There's no room for giving up; every challenge is an opportunity to make it better, strategize better, and prepare better.
3. Discipline: There is no freedom without discipline.

@beyond_u8

May the blessings of Eid ul-Adha fill yours and your family’s life with happiness, peace, and prosperity. Wishing you and your loved ones a joyous celebration 🤲🥳

💚 With much love,
Abdurahoon Abdurashidov

@beyond_u8

Just watched the interesting interview of Tucker Carlson with President of El Salvador.

The learning part for me is leadership and wisdom, moving from 0 to 1 and transforming to great, building smth beautiful and well executing.

Nayib Bukele has turned El Salvador, the murder capital of the world, the world’s most dangerous country, into the safest country in the Western Hemisphere with no help of any countries.
So how he did it? What is the formula?

— Official formula: they had a plan.
— Unofficial: it’s miracle. When Gangs started to attach the state back and killed 87 people in three days, which for a country of 6 million people it is crazy. it was an impossible mission and we prayed several times in the meeting asking for wisdom and win the war

Recently he was elected for the second term. In his inaugural he said, they’ve achieved peace and now they’re going to grow an economy and he has a plan.
And the first point of his plan:
— Seeking God’s Wisdom

Alhamdullilah, over the past few months, we have been working hard to bring you Alif Avia – a simple and easy way to book flights in Uzbekistan ✈️😊

— A trustworthy place to book flights with local cards like HUMO & Uzcard, including corporate cards.
— Easy and simple to use; once you add your data, it will be securely saved for future bookings.
— Some destinations are even cheaper than on Aviasales or Skyscanner.

Stay tuned for more exciting features coming to Alif Avia. We look forward to your feedback and comments💚

Alif запустил сервис покупки авиабилетов Alif Avia

С помощью сервиса можно найти авиабилеты по выгодной цене. Также нет необходимости указывать электронную почту: авиабилет загружается и скачивается в приложении (на правах рекламы).

https://www.spot.uz/ru/2024/06/19/alif/

Kaspi.kz: an interesting transformation journey from a traditional bank which didn’t go well in 2008 to $24Bn Fintech in Kazakstan

Recently watched an interview with Mikhail Lomtadze, the CEO of Kaspi.kz. And I believe that we’re doing more less in Tajikistan and Uzbekistan with our own values, culture and making our own unique path to $Bn the world Islamic Fintech.

Here are some key insights:

Massive Reach: Kaspi serves 15 million customers in a country with a population of 20 million. Impressively, 2/3 of their clients use Kaspi daily.

Impressive Growth: In 2023, Kaspi achieved $4.2B in revenue with a 45% net income margin, growing at ~50% YoY.

Customer Focus:
Central to Kaspi's success is a relentless focus on customer satisfaction, meticulously measured through Net Promoter Scores (NPS). 300,000 users are surveyed monthly

Organizational Structure:
Kaspi's unique structure features small, dedicated teams led by directly responsible individuals. This fosters accountability, ownership, and startup-like agility. Interestingly, managers are measured on NPS levels of customer satisfaction, not financial targets.

Cashless Payments Leader:
Kazakhstan has emerged as a leader in cashless payments, shifting from 15% cashless transactions in 2015 to over 85% today, thanks to Kaspi.kz as well.

In Uzbekistan it was 78,5% cashless based on statistic of Central Bank of Uzbekistan.

Will write about part 2 later. Here is the podcast you might watch yourself

Governmental services:
Mikhail attributes Kazakhstan's digital transformation success to strong collaboration between government entities and private companies. You can do pretty much of governmental services not going to any state offices, starting from getting birth certificate to transferring car ownership and calculating and paying tax which have made life significantly easier for Kazakhstani citizens, setting a benchmark for digital innovation.

Comparison with Uzbekistan:
Actually the same going here in Uzbekistan. In 2023 there are more than 400 governmental services listed in my.gov.uz and you can get top popular services in Alif Mobi app

Ecosystem approach/Super app:
Kaspi Consumer Super App which has ~14m Average MAU include:
— e-Commerce;
— m-commerce;
— e-Grocery;
—Travel (Airline tickets, Train, tour packages);
— Classifieds;
— Postomats;
— Governmental services;
— BNPL;
— Loans;
— Car Finance;
— Kaspi Gold Account;
— Kaspi Deposit;
— Kaspi QR;
— p2p payments;
— Bill Payments.

Alif’s ecosystem/Super app in UZB, reaching almost 1m MAU:
— e-commerce;
— BNPL;
— P2P payments;
— Bill Payments;
— Transfer by bank requisites;
— Remittances;
— Governmental services;
— Travel (Airline tickets…)
— Alif Pay QR;
— Car Finance;
— Bill me later;
— And more exciting coming…

Future Expansion of Kaspi:
Kaspi is definitely considering other markets. They are looking at markets with high mobile penetration, cashless transactions, and robust e-commerce activities. Potential markets include Eastern Europe, Asia, and Uzbekistan. Despite limited access to cheap financing, Kaspi remains extremely efficient, ensuring they select the right countries and acquisition targets for expansion.
- I remember in 2021, Kaspi had to choose to enter Uzbekistan or Ukraine and went to Ukraine. In December, 2021 Kaspi announced that going to acquire a payment service Portmone and BTA Bank, but since the war started there and it didn’t go well, Kaspi didn’t acquire it.

So interesting to learn and measure our progress, but still keeping focus on our unique path with our own values