PayLater’s First Transaction: A New Era for Qatari Shoppers

Qatar - In a landmark achievement for Qatar’s fintech sector, PayLater, one of the first Buy Now, Pay Later (BNPL) services in the country, successfully completed its inaugural transaction at Store974. This significant event was witnessed by Khalifa Haroon, co-founder of PayLater and founder of Store974, along with Mohammed Al Delaimi, co-founder of PayLater and founder of SkipCash.

The introduction of PayLater represents a revolutionary shift in how consumers in Qatar manage their purchases, enabling them to spread the cost of their purchases over four interest-free installments across two salary cycles. This service aims to promote responsible spending by offering a flexible payment solution without the burden of high fees or interest.

Following this milestone, PayLater has rolled out its services to a select group of 100 beta testers. These testers can now enjoy the convenience of installment payments at ten top stores across Doha, both online and in-store. This beta launch allows PayLater to refine its service based on real user feedback, ensuring a seamless and efficient experience for all future customers.

Khalifa Haroon shared his enthusiasm about the potential impact of BNPL services in Qatar, highlighting that PayLater had already garnered significant interest from nearly 300 companies even before its official market entry. This strong demand underscores the growing appeal of flexible payment options among consumers and businesses alike.

The strategic partnership between Store974 and SkipCash, another innovative Qatari fintech company, further enhances the consumer experience by integrating advanced payment solutions into the retail environment. This collaboration underscores a shared commitment to simplifying transactions and enhancing customer convenience, aligning with the ongoing digital transformation in Qatar's retail sector.

The successful implementation of PayLater and its initial reception signal a promising future for BNPL services in Qatar, setting the stage for broader regional expansion and increased financial inclusivity.

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