The Pak Banker

The global

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The "super app" concept has been gaining popularity across the world, and even the pandemic could not change that calculus. Yandex, Russia's leading tech company, has just emerged as the latest participan­t in this global race.

A "super-applicatio­n" is the digital equivalent of a physical cluster of businesses for which proximity enables improved collaborat­ion across operations. It creates an ecosystem where the user's time is monopolize­d and there is no need to use a variety of apps. As a result, there is a consensus that by building a "super app," a big tech firm can grow and beat the competitio­n.

The model has been rapidly growing in emerging markets such as China and Southeast Asia, and also across the United States.

In China, WeChat is a classic example of a super-app that many Chinese find indispensa­ble. In addition to its basic function of sending messages, it can order food, convey daily transactio­ns

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