Kazakhstan's e-commerce sector has soared to 3.2 trillion tenge (around 6.2 billion U.S. dollars) in 2024, marking a sevenfold increase since 2020, according to Deputy Prime Minister Serik Jumanğarin.
Kazakhstan's e-commerce landscape has undergone a dramatic transformation over the past five years, with digital trade now accounting for 14.1 percent of the country's total retail turnover. The surge from 476 billion tenge (approximately 918 million U.S. dollars) in 2020 to 3.2 trillion tenge in 2024 reflects not only shifting consumer habits but also targeted government support and infrastructure development.
Speaking in response to a parliamentary inquiry, Deputy Prime Minister and Minister of National Economy Serik Jumanğarin noted that despite the strong growth in online shopping, many Kazakh consumers remain cautious. Concerns over fraud and digital trust continue to drive a preference for traditional brick-and-mortar retail.
Kazakhstan is currently home to 104 registered e-commerce platforms, including dominant players such as Kaspi.kz, Wildberries, Ozon, and Halyk Market. These platforms are central to the country's digital retail economy, offering a wide range of goods and services nationwide.
To support this expanding ecosystem, significant investments are being made in logistics and delivery infrastructure. National postal operator Kazpost is developing 85,000 square metres of warehouse space across key cities including Almaty, Aktobe and Turkistan. Private sector giants Wildberries and Ozon are also ramping up their presence with the construction of new logistics hubs in Almaty and the capital, Astana.
Jumanğarin also highlighted improvements in digital payment security. Global payment providers Visa and Mastercard have introduced artificial intelligence-driven tools aimed at reducing fraud and enhancing the customer experience for online transactions.
The Kazakh government continues to prioritise the digital economy as part of its broader modernisation agenda, with e-commerce positioned as a key driver of domestic growth and international trade integration.
Monsoon rains in northern India push death toll past 100. Heavy monsoon rains in Himachal Pradesh have claimed the lives of 104 people, injured 189, a...
Rumours about Fed Chair sparked market turmoil but Wall Street ends higher . Wall Street closed modestly higher on Wednesday, 16 July, with the Nasdaq...
Mozambique reports surge in mpox cases, with Niassa province hardest hit. The northern province of Niassa in Mozambique is facing the most severe impa...
US President Donald Trump on Wednesday fiercely criticised some Republican colleagues who have questioned his administration’s handling of the Jeffr...
The UK government has apologised for mistakenly leaking the personal data of nearly 18,000 Afghans who applied under the Afghan Relocation and Assista...
Kazakhstan is weighing cryptocurrency-related investments as part of its strategy to diversify national reserves and modernise financial management, according to the chairman of the National Bank.
Kazakhstan will remain part of the OPEC+ oil production deal but is opening talks to revise contracts with foreign investors at its largest oil and gas fields, Prime Minister Olzhas Bektenov said on Tuesday.
Kazakhstan's Ministry of Transport and Afghanistan's Ministry of Public Works have reached an agreement on the construction of a new railway line to connect Central Asia and South Asia, which will increase the efficiency of the North-South corridor.
Russia’s health watchdog said on Friday it is monitoring an anthrax outbreak in Kazakhstan’s Akmola region, where two villages were quarantined after infections in cattle and local residents.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Hollywood star Sydney Sweeney is reportedly the top contender to become the next Bond girl, as director Denis Villeneuve and Amazon look to modernise the James Bond franchise.
On 9 July, two freight trains departed from the Chinese cities of Chongqing and Chengdu bound for Europe via Türkiye. According to the Turkish Ministry of Transport and Infrastructure, this marks the first direct rail shipment under the new regular freight service along the Middle Corridor.
Israel’s military said it struck the entrance to Syria’s defence ministry in Damascus on Wednesday, intensifying its operations with the stated aim of protecting the Druze minority in southern Syria.
Armenian Prime Minister Nikol Pashinyan addressed a range of pressing domestic and foreign policy matters during a press conference on Wednesday, offering insight into Yerevan’s evolving stance on regional ties, security alliances, and national institutions.
The Islamic Republic of Iran has seized a foreign oil tanker in the Sea of Oman, accusing it of transporting two million litters of smuggled fuel.
The historical ties between Azerbaijan and Turkmenistan are the foundation of today’s bilateral relations, said President Ilham Aliyev during his meeting with Chairman of the People's Council of Turkmenistan Gurbanguly Berdimuhamedov in Baku.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment