Marqeta has introduced its innovative Marqeta Flex solution at Money20/20, aimed at transforming how Buy Now, Pay Later (BNPL) options are delivered within payment apps and wallets. This new offering is developed in collaboration with leading payment providers, including Klarna and Affirm, and is set to enhance the payment experience for consumers. Marqeta Flex allows users to access personalized BNPL options seamlessly during their payment process, catering to their individual needs. By integrating this solution into payment platforms, such as Branch's app for W-2 and 1099 workers, consumers can easily choose BNPL options that fit their financial situations. The benefits extend beyond consumers, as payment providers and card issuers can leverage Marqeta Flex to expand their BNPL offerings, increase transaction volumes, and enhance user engagement. With a focus on simplicity and personalization, Marqeta Flex is poised to redefine the BNPL landscape and improve payment accessibility for millions.
Read the full article here.