LaterPay is the brainchild of Cosmin Ene and Jonas Maurus, and it's a simple idea. Instead of signing up for websites or paying several smalls sums for reading articles, users simply “read now and pay later”.

When they reach 5 euros, a bill arrives. This avoids complicated sign-ups, or the transaction charges associated with multiple small payments for each article. It does require an element of trust, however - no payment details are requested at first, so a user can simply choose not to pay and accept their device being blocked from the service.

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