Buy Now Pay Later (BNPL) is a modern payment option that has transformed shopping worldwide, recently growing trendy among the younger public in various countries and becoming the hottest niche in all of fintech. There are options all over the world - Klarna, Afterpay, Affirm, and, in Armenia - paylater. Inecobank, the Armenian leader in digital solutions in the banking sector, consistently introducing innovative financial technologies in the market, has joined the worldwide practice of BNPL (buy now, pay later) with a new service called paylater.

The European Bank for Reconstruction and Development (EBRD) is providing a US$ 5 million financial package to Inecobank in Armenia to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices. The project is supported by the European Union (EU) with €523,000 of grant incentives.