Strong Growth in Payments and Marketplace Segments
Payments grew TPV by 18% and revenue by 10%, with net income growth at 12%. Marketplace GMV grew by 12% year-over-year, reaching 20% GMV growth when excluding smartphone effects.
E-Grocery Expansion and Growth
E-Grocery GMV grew by 53%, with transactions up by 55%. The segment now serves 1.3 million customers with plans to enter at least two more cities.
Introduction of Innovative Payment and Advertising Services
Launched pay by palm, advertising services, and Kaspi AI Assistant. Advertising revenue rose 56% year-over-year.
Hepsiburada's Improvement in Purchase Volumes
Hepsiburada's purchase volumes increased by 16% in the third quarter, driven by investments in delivery, payment options, and user experience.