PayLater to revolutionise how shoppers pay in Qatar with BNPL solution

PayLater to revolutionise how shoppers pay in Qatar with BNPL solution

PayLater, an innovation-driven alternative payment provider, is gearing up to launch Qatar’s leading Buy Now, Pay Later (BNPL) solution in 2024.BNPL, which is revolutionising the way shoppers will buy, is a short-term financing model that enables instant purchase of goods and services while allowing shoppers to pay in four equal instalments over up to three months entirely interest-free and fee-free (no hidden fees or any other fees applied if repaid on time) online and at Point of Sale (PoS).This makes BNPL akin to a microloan, allowing individuals to manage their finances more effectively and responsibly by stretching the cost of a purchase over time without incurring extra expenses. The financial model is emerging as one of the foremost payment mechanisms, winning various markets across the globe.With a focus on revolutionising the financial landscape, PayLater aims to meet the evolving needs of businesses and consumers alike.PayLater is striving towards close collaboration with key regulatory bodies in Qatar, including the Qatar Central Bank and the Credit Bureau, which underscores the company’s dedication to extensive compliance with regulatory and compliance frameworks, emphasising transparency and integrity in its operations.As the launch date approaches, PayLater stands at the forefront of innovation, ready to provide a