Marqeta and Credi2 Collaborate to Enhance the Banks' Payment Capabilities
References: marqeta & crowdfundinsider
Marqeta has partnered strategically with Credi2 to offer an end-to-end installment platform tailored for banks. This collaboration addresses the increasing consumer demand for flexible and seamless digital payment experiences.
The solution empowers cardholders to enjoy enhanced flexibility, enabling installment payments both online and in-store directly through their banking apps. The platform also incorporates smart budgeting and responsible lending, connecting to existing card limits for each cardholder.
The solution was created to adapt to the increased consumer demand for buy now, pay later (BNPL) services.
“[...] The combination of Marqeta’s modern capabilities with the existing white-labeled installment solution developed by Credi2 in partnership with Visa, will empower financial institutions to meet these changing needs of their customers through modern and flexible propositions on cards,” said Federico Sanavio, head of credit products solutions & partnerships Europe, Visa. “All whilst enabling an embedded finance ecosystem.”
Image Credit: Tada Images
The solution empowers cardholders to enjoy enhanced flexibility, enabling installment payments both online and in-store directly through their banking apps. The platform also incorporates smart budgeting and responsible lending, connecting to existing card limits for each cardholder.
The solution was created to adapt to the increased consumer demand for buy now, pay later (BNPL) services.
“[...] The combination of Marqeta’s modern capabilities with the existing white-labeled installment solution developed by Credi2 in partnership with Visa, will empower financial institutions to meet these changing needs of their customers through modern and flexible propositions on cards,” said Federico Sanavio, head of credit products solutions & partnerships Europe, Visa. “All whilst enabling an embedded finance ecosystem.”
Image Credit: Tada Images
Trend Themes
1. Enhanced Flexibility in Installment Payments - Marqeta and Credi2 collaborate to offer an end-to-end installment platform tailored for banks, empowering cardholders to enjoy enhanced flexibility in making installment payments through their banking apps.
2. Seamless Digital Payment Experiences - Marqeta and Credi2's collaboration aims to address the increasing consumer demand for flexible and seamless digital payment experiences, providing an easy and convenient way for cardholders to make installment payments both online and in-store.
3. Smart Budgeting and Responsible Lending Integration - The platform developed by Marqeta and Credi2 incorporates smart budgeting and responsible lending by connecting to existing card limits, allowing financial institutions to offer cardholders an installment solution that aligns with their financial capabilities.
Industry Implications
1. Banking - Marqeta and Credi2's partnership offers a tailored end-to-end installment platform for banks, enabling them to enhance their payment capabilities and meet the changing demands of their customers.
2. Fintech - The collaboration between Marqeta and Credi2 in the BNPL space presents disruptive innovation opportunities for fintech companies to enhance their digital payment offerings and provide flexible installment solutions.
3. Card Issuing - The partnership between Marqeta and Credi2 opens up opportunities for card issuing companies to leverage their existing card limits and incorporate smart budgeting and responsible lending features in their installment payment solutions.
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