Dukhan Bank has signed Memorandum of Understanding (MoU) with PayLater, a Qatar-based fintech specialising in deferred payment solutions, during Web Summit Qatar 2026.
The MoU establishes a formal, non-commercial framework under which Dukhan Bank and PayLater will jointly assess and evaluate potential areas of collaboration related to deferred payment solutions, including the strategic, operational, and technological considerations associated with such offerings, subject to applicable regulatory and governance requirements.
The exploratory discussions between Dukhan Bank and PayLater will concentrate on evaluating how deferred payment solutions could, subject to the necessary regulatory approvals and Dukhan Bank’s internal governance processes, complement and enhance the Bank’s existing Shari’a-compliant product portfolio.
The assessment will also consider the potential of such solutions to strengthen digital customer engagement, support financial inclusion, and respond to the evolving needs and preferences of individuals and small and medium-sized businesses across the market.
Talal Ahmed Abdulla Al Khaja Chief Marketing and Communications Officer Dukhan Bank
“Participating in Web Summit Qatar provides an important platform for Dukhan Bank to engage with emerging financial models and global innovation dialogues. This exploratory MoU reflects our approach to understanding evolving customer behaviors and market trends, while ensuring that any future solutions remain purposeful, Shari’a-compliant, and aligned with the Bank’s governance and brand principles.”
Mr. Bassam Al-Ibrahim, Co-Founder and Chief Operating Officer of PayLater, said that, “We are thrilled to partner with Dukhan Bank, a financial institution that shares our commitment to customer-centric innovation. This collaboration marks a significant milestone in our strategy and will enable us to bring convenient, Sharia-compliant payment solutions to millions of consumers in Qatar.”
