Doha, Qatar: Qatar Central Bank (QCB) has urged companies that are willing to operate the buy now, pay later (BNPL) system to submit applications in order to receive the licence from the bank.
In a statement issued yesterday, QCB outlined that it will receive the applications for licences in September, pointing out that all instructions pertaining to applications can be found on QCB’s official website.
The announcement comes to regularise the work of BNPL’s service providers in Qatar, in conformity with the financial sector strategy and QCB’s constant endeavor to regularise and upgrade the financial sector in the country.
