Marqeta, a leading modern card issuing platform, has introduced Marqeta Flex, a solution set to transform Buy Now, Pay Later (BNPL) payment options in payment apps and wallets by integrating them seamlessly into existing payment flows. Unveiled at Money20/20, Marqeta Flex is developed in collaboration with prominent BNPL providers Klarna and Affirm, and payments platform Branch, which plans to incorporate the solution into its app for W-2 and 1099 workers. This innovation allows consumers to access personalized BNPL options directly within popular payment apps, enhancing user experience and broadening choice.
Marqeta Flex aims to expand BNPL distribution, benefiting payment providers by increasing access and transaction volumes, and enabling digital wallets and card issuers to offer multiple, customizable BNPL options. By simplifying integration and offering access to various global BNPL providers, Marqeta Flex empowers businesses to swiftly launch flexible payment solutions, enhancing consumer choice and payment capabilities.
Source: Fintech Finance
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