
Marqeta (NASDAQ: MQ), the global leader in modern card issuing and embedded finance, has introduced Marqeta Flex, a groundbreaking Buy Now, Pay Later (BNPL) solution, at Money 2020. Marqeta Flex enables seamless BNPL integration within payment apps and digital wallets, providing flexible payment options right at the point of transaction.
Built with top BNPL providers like Klarna, Affirm, and payment platform Branch, Marqeta Flex aims to extend BNPL offerings to a broader audience. Branch plans to integrate the solution into its app, enabling tailored BNPL options for both W-2 and 1099 workers, expanding financial flexibility and access to users.
“Marqeta Flex builds on the transformative BNPL trend, making these options available in more payment environments,” said Marqeta CEO Simon Khalaf. “By partnering with leading BNPL innovators, we’re expanding consumer choice for seamless, personalized payment solutions.”
Marqeta Flex benefits:
- For Consumers: Personalized BNPL choices directly in frequently used payment apps.
- For Payment Providers: Enhanced distribution of BNPL options, increasing transaction volumes.
- For Card Issuers and Wallets: One integration with Marqeta Flex enables access to global BNPL providers, streamlining the launch of flexible, user-specific payment solutions.
Branch’s Chief Payments Officer, Ahmed Siddiqui, said, “We’re thrilled to collaborate with Marqeta to innovate new BNPL applications, giving workers greater access to payment options.”
Marqeta Flex is designed to simplify BNPL access: users can select a “Pay Later” option within an app and receive customized BNPL plans. For further information on Marqeta Flex, please click here.
About Marqeta
Marqeta empowers businesses to embed financial services within their brand experience, supporting customized, real-time financial solutions for improved customer loyalty and capital efficiency. Marqeta processed over $200 billion in payments in 2023 and operates in over 40 countries worldwide. Visit marqeta.com for more.
About Branch
Branch is a workforce payments leader that provides companies with fast, flexible payment options for employees and contractors, strengthening loyalty and enhancing business growth. Branch supports industries including hospitality, healthcare, gig economy, and staffing, offering users quick access to earnings and personal finance tools. Visit branchapp.com for more.