QCB approves five companies as first cohort for BNPL service

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Doha, Qatar: In line with the Third Financial Sector Strategy, the Fintech Strategy, and Qatar Central Bank’s commitment to regulate and develop the financial sector and enhance the FinTech ecosystem in the country, QCB has carefully reviewed Buy Now Pay Later (BNPL) submitted applications against multiple dimensions and has approved 5 companies as a first cohort, which are Spendwisor Inc, Qaiver FinTech LLC, HSAB for Payment Solutions, Mihuru LLC, and Pay Later Website Services.

It is important to note that entry into the regulatory sandbox does not constitute a full-scale licensing approval; however, the applicant is considered an Authorized FinTech Sandbox Participant for regulatory activities by the fintech entity.

For inquiries related to the sandbox, please reach out via email to the following address: [email protected]

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