BNPL Bank Programs : marqueta
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The solution empowers cardholders to enjoy enhanced flexibility, enabling installment payments both online and in-store directly through their banking apps. The platform also incorporates smart budgeting and responsible lending, connecting to existing card limits for each cardholder.
The solution was created to adapt to the increased consumer demand for buy now, pay later (BNPL) services.
“[…] The combination of Marqeta’s modern capabilities with the existing white-labeled installment solution developed by Credi2 in partnership with Visa, will empower financial institutions to meet these changing needs of their customers through modern and flexible propositions on cards,” said Federico Sanavio, head of credit products solutions & partnerships Europe, Visa. “All whilst enabling an embedded finance ecosystem.”
Image Credit: Tada Images
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