Azimkhon Askarov

Nov 22, 2024 | finextra.com | Azimkhon Askarov

Earlier this year, the UK government announced that banks would be given new powers to delay and investigate payments suspected of being fraudulent, in a bid to protect consumers against scammers. The decision immediately sparked widespread discussion across the financial sector, marking a significant shift in how payments are processed. But what are the implications of such legislation on the payments industry, and how do consumers stand to gain—or potentially lose—from this delay.

Oct 22, 2024 | techtrendspost.com | Azimkhon Askarov

Generation Z is known to be a leader in the adoption of new payment methods. This is good news for BNPL, which more than outweighs the high-profile repercussions and negative headlines. Buy now, pay later (BNPL) has seen explosive growth during the pandemic, and this has continued during the cost-of-living crisis. This makes it one of the most widely used forms of credit.

Oct 21, 2024 | finextra.com | Azimkhon Askarov

Gen Z is known to lead the charge when it comes to the adoption of new payment methods – which is good news for BNPL, which has had some high-profile knock-backs and more than its share of negative headlines. Buy Now, Pay Later (BNPL) saw explosive growth during the pandemic, which continues now during the cost-of-living crisis. As such, it has established itself as one of the most widely used forms of credit.

Aug 6, 2024 | globalfintechseries.com | Azimkhon Askarov

By Azimkhon Askarov, Co-Partner of CONCRYTIt’s long been a given that merchants must accept Visa and Mastercard to capture a larger share of consumer transactions. But as Pay-by-Bank surges in popularity, could these global giants be on the verge of losing their global dominance in payments? Azimkhon Askarov, Co-Partner of CONCRYT, examines the possibility of Pay-by-Bank transactions claiming the transaction top spot.

Jul 30, 2024 | globalbankingandfinance.com | Azimkhon Askarov |Jessica Weisman-Pitts

By Azimkhon Askarov, Co-Partner of CONCRYTFor decades, merchants have needed to accept cards from Visa and Mastercard to capture a larger share of consumer transactions. But today, these global giants could be on the verge of losing their global dominance in payments. Are Pay-by-Bank and A2A transactions poised to take the transaction top spot? Firstly, it’s worth outlining the main distinctions between traditional card payments, and A2A or Pay-by-Bank transactions.