Latest news with #MohammedAlDelaimi
Qatar Tribune
30-07-2025
- Business
- Qatar Tribune
QIB partners with PayLater to introduce Shari'a-compliant BNPL solutions in Qatar
Tribune News Network Doha Qatar Islamic Bank (QIB), Qatar's leading digital bank, has signed a Business Partnership with PayLater, a Qatari fintech company specialising in Buy Now, Pay Later (BNPL) solutions. This partnership introduces, for the first time, a shari'a-compliant BNPL solution by a Qatari fintech, which enables customers to make purchases through flexible installment plans, promoting financial inclusion and supporting the growth of Qatar's digital economy. The partnership brings together QIB's trusted banking expertise and PayLater's fintech innovation to offer seamless, shari'a-compliant financial solutions tailored to the evolving needs of consumers and merchants in Qatar. Aligned with QIB's sustainability agenda and the Qatar Central Bank's (QCB) strategy to encourage collaboration between banks and fintech companies, the collaboration reinforces QIB's commitment to expanding digital financial services while supporting the local fintech ecosystem. Commenting on the partnership,QIB General Manager – Wholesale Banking Group Tarek Fawzi said, 'Our partnership with PayLater represents a strategic milestone in QIB's mission to revolutionize financial services by integrating innovation and accessibility, in line with Qatar Central Bank's strategy to support the collaboration between banks and fintech companies. We are pleased to be at the forefront of Innovation in Islamic banking thru our partnership with PayLater, which represents a strategic milestone for QIB, this is in addition to extending our support to Qatari start-ups specialised in technology in line with Qatar National Vision 2030. By joining PayLater's fintech expertise, we are enhancing our offering with tailored, customer-centric solutions that empower individuals and create new growth opportunities for merchants, reinforcing our role as a leading digital bank.' PayLater Co-founder and Managing Partner Mohammed Al Delaimi said, 'We are delighted to start this valued partnership with Qatar Islamic Bank to introduce BNPL solutions in Qatar. These solutions are transforming how consumers manage their finances while offering merchants new avenues to grow their business. Our partnership with QIB highlights the potential of collaborations between finTechs and banks to create customer-centric solutions that redefine the financial landscape inQatar.'
Wamda
27-05-2025
- Business
- Wamda
Qatar's PayLater receives strategic investment from LuLu AI
Qatar-based fintech PayLater has secured a "strategic" investment from LuLu Alternative Investments (LuLu AI), the investment arm of LuLu Financial Holdings. PayLater, founded in 2023 by Mohammed Al-Delaimi and Khalifa Saleh Al Haroon, is the first company to be licensed by the Qatar Central Bank to offer Buy Now, Pay Later (BNPL) services, providing secure and flexible installment-based and interest-free payment options to customers. The partnership brings LuLu AI's regional scale, capital, and fintech expertise to PayLater, enabling the startup to deepen its product offering and scale operations. Press release: LuLu AI, the investment arm of LuLu Financial Holdings, has announced a strategic investment in PayLater Qatar, one of the first licensed Qatari providers of Buy Now, Pay Later (BNPL) and embedded finance solutions. This investment marks LuLu AI's first into the Qatari financial ecosystem and aligns with its broader vision of building a connected network of next-generation financial service providers across emerging markets. PayLater is a Qatar-based fintech innovator offering Buy Now, Pay Later (BNPL) solutions designed to make everyday purchases more accessible, affordable, and empowering. The company recently achieved a significant milestone by becoming the first recipient of a BNPL license from the Qatar Central Bank. 'LuLu AI is more than just an investment portfolio — we are shaping a future where financial services are intelligent, inclusive, and deeply human-centric,' said Adeeb Ahamed, Managing Director of LuLu Financial Holdings. 'Every investment we make is a step toward empowering individuals and businesses with tools that simplify life and unlock opportunity and inclusivity. PayLater embodies this ethos, and we are pleased to be part of their mission to drive accessible and responsible financial solutions.' 'This partnership with LuLu AI marks a major business milestone for us at PayLater. It's a shared belief in the future of responsible, flexible finance in Qatar,' said Mohammed Al-Delaimi, Co-Founder & Managing Director of PayLater. 'LuLu AI brings regional scale and experience, and together, at PayLater, we're committed to building solutions that empower both consumers and merchants, while reinforcing Qatar's position as a fintech hub in the region.' LuLu Alternative Investments was established to identify and back high-impact ventures that are solving real-world challenges in financial access, liquidity, compliance, and consumer experience. Its core thesis lies in leveraging capital to unlock capability — ensuring that startups have the runway to scale, the guidance to navigate regulatory landscapes, and the opportunity to collaborate across a trusted global network. By supporting firms like PayLater, LuLu AI is championing an inclusive and innovation-first approach to the digital economy.
Qatar Tribune
21-05-2025
- Business
- Qatar Tribune
LuLu AI invests in PayLater Qatar
Tribune News Network Doha LuLu AI, the investment arm of LuLu Financial Holdings, has announced a strategic investment in PayLater Qatar, one of the first licensed Qatari providers of Buy Now, Pay Later (BNPL) and embedded finance solutions. This investment marks LuLu AI's first into the Qatari financial ecosystem and aligns with its broader vision of building a connected network of next-generation financial service providers across emerging markets. PayLater is a Qatar-based fintech innovator offering Buy Now, Pay Later (BNPL) solutions designed to make everyday purchases more accessible, affordable, and empowering. The company recently achieved a significant milestone by becoming the first recipient of a BNPL license from the Qatar Central Bank. 'LuLu AI is more than just an investment portfolio — we are shaping a future where financial services are intelligent, inclusive, and deeply human-centric,' said LuLu Financial Holdings MD Adeeb Ahamed. 'Every investment we make is a step toward empowering individuals and businesses with tools that simplify life and unlock opportunity and inclusivity. PayLater embodies this ethos, and we are pleased to be part of their mission to drive accessible and responsible financial solutions,' he said. 'This partnership with LuLu AI marks a major business milestone for us at PayLater. It's a shared belief in the future of responsible, flexible finance in Qatar,' said PayLater Co-Founder & Managing Director Mohammed Al Delaimi. 'LuLu AI brings regional scale and experience, and together, at PayLater, we're committed to building solutions that empower both consumers and merchants, while reinforcing Qatar's position as a fintech hub in the region,' he said. LuLu Alternative Investments was established to identify and back high-impact ventures that are solving real-world challenges in financial access, liquidity, compliance, and consumer experience. Its core thesis lies in leveraging capital to unlock capability — ensuring that startups have the runway to scale, the guidance to navigate regulatory landscapes, and the opportunity to collaborate across a trusted global network. By supporting firms like PayLater, LuLu AI is championing an inclusive and innovation-first approach to the digital economy.
Zawya
18-02-2025
- Business
- Zawya
Qatari companies Pass Delivery & SkipCash join forces for a smarter mobility experience
Doha, Qatar: Pass Delivery, a leading Qatari-owned logistics technology company, has partnered with SkipCash, Qatar's leading digital payments fintech, to elevate the convenience of doorstep deliveries. The introduction of Card on Delivery (CoD) now enables customers to make quick and secure cashless payments right at their doorstep, eliminating the need for cash and streamlining transactions for everyone. By integrating SkipCash's innovative digital payment solutions, Pass Delivery is taking a significant step toward a safer, more efficient, and cash-free logistics experience in Qatar. This partnership aims to simplify transactions, reduce cash-handling risks, and enhance customer satisfaction. 'At Pass Delivery, we are committed to innovating the logistics experience in Qatar. Our partnership with SkipCash marks a significant step toward a cashless future, making deliveries safer and payments more efficient for everyone,' said Bashar Jaber, CEO & Founder of Pass Delivery. 'By integrating SkipCash's advanced payment solutions, we ensure a seamless transaction process that benefits both businesses and consumers.' "Our partnership with Pass Delivery highlights SkipCash's role in advancing Qatar's digital economy. By merging our secure payment solutions with their logistics services, we're enhancing transaction efficiency and security at the doorstep, pushing us closer to a cashless society." Said Mohammed AlDelaimi, SkipCash's Founder & Managing Director. This collaboration highlights Qatar's growing shift towards modern, tech-driven financial solutions. By eliminating cash transactions, businesses can operate more efficiently, while customers enjoy a hasslefree, secure payment experience. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
