Financial Plus Credit Union has launched a new Buy Now, Pay Later (BNPL) service, enhancing its digital banking offerings for members in Michigan. This innovative feature allows members to split payments on eligible debit card transactions, providing them with greater financial flexibility and personalized budgeting options. The BNPL service is powered by equipifi, which enables members to view and accept pre-qualified offers directly within the Financial Plus digital banking platform. This move aligns with the growing demand for BNPL services among consumers, as many financial institutions are now incorporating this option into their offerings. Financial Plus President and CEO Brad Bergmooser emphasized the credit union's commitment to helping members achieve their financial goals, while equipifi's CEO Bryce Deeney highlighted the importance of meeting consumer expectations in the purchasing journey. With the BNPL market projected to grow significantly in the coming years, Financial Plus is positioning itself as a leader in innovative financial solutions.
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