Marqeta and Credi2 team up to offer BNPL to European banks

By Gloria Methri

Marqeta has partnered with Credi2 to launch an installment payment platform for European banks. The partnership combines Credi2’s embedded lending platform with Marqeta’s card-issuing offering and comes amid the growing popularity of installment offerings such as buy now, pay later (BNPL).

“Launching new payments solutions is incredibly time-consuming and complex, not to mention the stakes are incredibly high when dealing with stringent regulatory requirements and cross-border payments,” said Todd Pollak, Chief Revenue Officer, Marqeta. “With Marqeta and Credi2, our bank customers will be able to focus on creating a delightful experience for their customers that gives them greater flexibility, while we navigate the complexities on the backend. We are proud to work with an innovative partner like Credi2 to bring more banks to the forefront of innovation in BNPL.”

The partnership will enable banks to go to market more quickly with an end-to-end installment solution for their debit and credit card cardholders, saving valuable time and resources.

By integrating payments directly into the bank’s app, cardholders will enjoy greater flexibility and be able to use installment payments both online and in-store. Cardholders will choose to pay in installments either before the purchase is made, or post-purchase, with the cardholder splitting the payment directly in their banking app. Additionally, the solution will incorporate smart budgeting and responsible lending by linking to the existing card limit for each cardholder.

“We are proud to partner with Marqeta to offer more flexible checkout options for cardholders in Europe, leveraging both of our experiences working with some of the largest banking and BNPL players in Europe,” said Christian C. Waldheim, Co-CEO, Credi2. “Together with Marqeta, we are enabling our customers to seamlessly integrate installment capabilities directly into their applications, managing the heavy lifting of creating new payment offerings and bringing them to market much faster than legacy solutions.”

“Consumers seek a highly personalised, intuitive, and seamless payment experience that caters to their individual needs. The combination of Marqeta’s modern capabilities with the existing, white-labelled 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.”