Qatar Central Bank licenses PayLater to provide BNPL services

Currency exchange, money transfer, FinTech financial technology, Global business, online banking, interbank payment concept. Man using mobile phone and laptop computer with international currencies and world map on virtual screen. Image Courtesy: Getty Images
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QCB pointed out that issuing this license complements efforts to strengthen the financial technology sector

Staff Writer, The Peninsula

March 28, 2025

PHOTO
Currency exchange, money transfer, FinTech financial technology, Global business, online banking, interbank payment concept. Man using mobile phone and laptop computer with international currencies and world map on virtual screen. Image Courtesy: Getty Images

Doha: Qatar Central Bank (QCB) issues its first license in the country for Paylater to provide Buy-Now-Pay-Later (BNPL) services.

In a post on X platform on Thursday, QCB pointed out that issuing this license complements efforts to strengthen the financial technology sector, bringing the number of companies under QCB's supervision and oversight in the financial technology sector to 13.

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