Qatar Central Bank (QCB) declared on Monday that it has formally opened the application cycle to get a permit to give the ‘Buy Now Pay Later’ (BN PL) services, taking note that applications will be acknowledged until Nov. 3, 2023.
In a statement, that’s what QCB explained, Through this help, it means to manage the BN PL specialist co-ops in the country, in a way that accomplishes a proper administrative system for arising monetary innovation companies to develop and improve smart solutions for these service, which has seen noteworthy development lately.
QCB called attention to that the help is in accordance with the Financial Sector Strategy and the Fintech Procedure, and comes with regards to its consistent undertaking to manage and develop the financial sector in the country, and to animate innovation in financial technology.
Image&Source: QNA
About Author
