Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded financial solutions for the world’s innovators, today announced the Marqeta Flex solution at Money20/20. This is an innovative new solution that revolutionizes the way we offer BNPL payment options within payments. Integrate your apps and wallets and display them when you need them within your existing payment flows.
Marqeta Flex has been developed in collaboration with leading payment providers Klarna and Affirm, and payment platform Branch. Branch, a leading innovation partner, will integrate the solution into its W-2 and 1099 employee payment apps, giving end users easy access to BNPL loan options tailored to their individual needs.
“Marqeta Flex builds on the transformative impact of buy now, pay later over the past decade and aims to give consumers intuitive access to these options from an even wider range of payment experiences. It is the purpose.”Supporting Simon Khalaf, CEO of Marketa. “We are pleased to partner in this space with industry-leading BNPL players Klarna and Affirm to give consumers more choice in how they pay for any transaction they desire.”
Marketa has already partnered to support the rapid growth of BNPL solutions, providing time-based payment options to millions of consumers around the world. Marqeta Flex is poised to bring further syndication to the BNPL space. This solution personalizes the shopper experience while expanding BNPL distribution and providing access to your favorite BNPL options when you need them. Currently supporting some of the largest BNPL solutions and card issuers, Marqeta sees opportunities to expand BNPL distribution and how it enables enhanced payment capacity and expanded consumer choice. We are in a unique position to recognize that.
Marqeta Flex’s intended benefits for consumers, payment providers and issuers include:
- Consumers: With Marqeta Flex, consumers are guided to BNPL options that can meet their needs. Access personalized BNPL options within the payment apps you use most often.
- Payment providers: Marqeta Flex expands the distribution of BNPL, allowing payment providers that offer time-based payment options to further benefit from increased consumer access and transaction volumes.
- Card issuers and digital wallets: Marqeta Flex is a powerful solution for digital wallets and card issuers, allowing them to increase their payments by incorporating multiple BNPL services into a transaction experience that can be customized to user preferences. can. One integration with Marqeta Flex gives you access to a variety of global BNPL providers, increasing the speed of building and launching card solutions that offer flexible payment methods, including custom and user-friendly BNPL loan options. .
“We are excited to work with Marketa to build this and revolutionize the way BNPL is applied.” Ahmed Siddiqui, chief payments officer at the branch, said:. “We look forward to providing greater payment access and choice to the workers we serve.”
Marqeta Flex is meant to be fast and simple for consumers. Once launched, users will be able to[後で支払う]Select your options and you will be provided with personalized BNPL payment plan options.
