PayLater, the innovative leader in buy-now, pay-later (BNPL) services, is proud to announce it has officially received the first-ever BNPL license from the Qatar Central Bank, making it currently the only BNPL solution in Qatar. This landmark achievement not only positions PayLater as a pioneer in the country but also promises to redefine the way Qatari consumers experience financial flexibility, offering new opportunities for affordable, hassle-free shopping.
As the first company to receive this prestigious license, PayLater is poised to revolutionize how consumers in Qatar manage their purchases. Through its cutting-edge BNPL solutions, PayLater will enable individuals to shop for a wide range of products and services while spreading payments across easy, interest-free installments. This move is expected to make everyday purchases more accessible and empower consumers with greater financial freedom.
“We are absolutely thrilled to be the first company in Qatar to receive a BNPL license from the Qatar Central Bank,” said Mohammed Al-Delaimi, CEO of PayLater. “This achievement is a testament to the trust placed in our company and the innovative solutions we offer. Our BNPL service will empower consumers to make purchases without the financial strain of traditional credit methods, improving their quality of life while supporting a sustainable, modern economy.”
With the BNPL model gaining global momentum, PayLater’s new offering will be a game-changer for a broad spectrum of Qatari shoppers. Whether purchasing electronics, fashion, or even travel experiences, consumers will now have a flexible alternative that aligns with their personal financial needs, making high-quality goods and services more affordable.
PayLater’s services will be available through a seamless, user-friendly platform, allowing customers to shop at a growing list of participating merchants both online and in-store. The BNPL license, granted by the Qatar Central Bank, ensures that PayLater adheres to the highest standards of financial integrity, security, and consumer protection, providing peace of mind for every transaction.
“Financial empowerment is at the heart of what we do,” said Al-Delaimi. “We are committed to improving the lifestyles of our customers by providing simple, transparent, and responsible shariah compliant payment solutions. With this license, PayLater is ready to reshape how Qataris experience purchasing power in the modern digital era.”
This milestone for PayLater represents the beginning of a new era in fintech for Qatar, where greater accessibility to credit will support personal well-being and encourage sustainable spending habits. As the first BNPL provider officially recognized by the Qatar Central Bank, PayLater looks forward to contributing to the growth and diversification of Qatar’s economy while helping its citizens lead more empowered, financially secure lives.
About PayLater
PayLater is a leading provider of buy-now, pay-later (BNPL) services, offering flexible and interest-free payment solutions to consumers. By partnering with merchants across various sectors, PayLater enables customers to make purchases with the ability to split payments into manageable installments. PayLater’s mission is to make high-quality goods and services more accessible, affordable, and transparent for everyone.
For more information, please visit paylaterapp.com
