TASHKENT, Uzbekistan, September 3. BNPL (Buy
Now, Pay Later) services, which allow consumers to defer or pay for
purchases in installments, are expected to continue developing in
Uzbekistan.
This was told to Trend’s special correspondent by Click product manager
Shokhrukh Khaltaev on the sidelines of the Silk Road Finance &
Technology Forum in Tashkent.
According to Khaltaev, demand for credit products and various
forms of deferred payments has been growing in Uzbekistan recently,
creating potential for further development of BNPL services. "In my
opinion, banking products in Uzbekistan will increasingly develop
toward BNPL, that is, deferred and installment payments, as the
share of people using loans and various forms of deferred payments
has been growing recently," he said.
He noted that such tools allow users to make purchases when they
temporarily lack sufficient funds and then repay the debt after
receiving their salary.
Speaking about the development of this area at Click, Khaltaev
said the company had a partnership project with Yandex called
Yandex Split, which allowed users to defer payments. "If you wanted
to buy something but did not have enough funds, you could receive
the money from Yandex and then pay it back in installments," he
said.
According to him, the project is currently temporarily
suspended, but Click continues to work on developing this area. "We
are currently working on this project and want to launch our own
products in a slightly different way," Khaltaev said.
He also confirmed plans to further develop BNPL products, noting
that their implementation will take time.
