Welcome to Marqeta Flex, an industry-leading Buy Now, Pay Later (BNPL) solution that will revolutionize the way BNPL loan options can be delivered inside payment apps and wallets.
Marqeta Flex is being developed with leading BNPL providers Affirm and Klarna and payments platform Branch. Participating BNPL providers will benefit from expanded distribution of BNPL loan options and participating payments platforms will be able to integrate Marqeta Flex into their app, enabling consumers to easily access BNPL loan options.
“We’re thrilled to be building this with Marqeta and innovating how BNPL can be applied,” said Ahmed Siddiqui, Chief Payments Officer at Branch. “We look forward to giving the workers we serve even greater payment access and choice.”
At Marqeta, we have supported the exponential growth of BNPL solutions, bringing loan options to millions of consumers globally. Marqeta Flex is poised to bring even further syndication to the BNPL space, prioritizing simplicity and connecting consumers with multiple BNPL providers based on their individual purchase preferences and needs.
What are the benefits of Marqeta Flex?
For Consumers:
With Marqeta Flex, consumers will be guided to a variety of BNPL options designed to meet their needs at any given time. Choose from a variety of offers at checkout and enjoy the freedom of flexible financing like never before.
For BNPL Providers:
Marqeta Flex will expand distribution for BNPL providers, allowing them to offer real-time and personalized loan options. As a result, BNPL providers will have the opportunity to benefit from even greater access to consumers.
For Card Issuers and Digital Wallets:
Marqeta Flex will be a powerful solution for digital wallets and card issuers that will allow them to drive payment volume by integrating multiple BNPL offerings into the transaction experience that can then be customized to user preferences. With a single integration with Marqeta Flex, they’ll have access to a variety of global BNPL providers, increasing the speed at which they can offer flexible payment methods, including custom and user-friendly BNPL loan options.
How does Marqeta Flex work?
Marqeta Flex is intended to be fast and simple for consumers. Within participating payment apps, the user will choose the Pay Later option, which will generate personalized quotes from BNPL providers and allow customers to choose the most relevant option. This entire process can be embedded into payment apps and wallets.
Learn more about Marqeta Flex here.
