Halyk Bank is Kazakhstan's largest bank with a 35% market share. MAU of its B2C mobile superapp is ~8M. MAU of its B2B mobile app is ~300k+.
Halyk Bank has very trusting relationships with large businesses. However, in a Small and Midsize Enterprises, there is a room to go.
Prerequesites
Firstly, 8 out of 10 Small and Midsize Enterprises actively use services of the competitor Kaspi, while only 3 out of 10 use Halyk for business.
Secondly, the pace of development of e-commerce, especially the FMCG, in Kazakhstan, is growing at a record 12-13% second year in a row.
Solution
So it was decided to collaborate with McKinsey to increase the customer base of Small and Midsize Enterprises not through direct lending, but through providing the first FMCG marketplace for businesses in Central Asia with the option of buying now and paying later.
Halyk Bank
gets up to 2x more new business customers to give them short term loans.
Businesses
get the opportunity of making orders anywhere at any time with the option of buying now and paying later.
Distributors
cut costs on personnel because they will need to keep less sales representatives to send to stores to take the order and thanks to digitalization, they will gain more transparent processes and better tracking of sales and trends.