Kueski, a BNPL fintech in Mexico, broke its loan disbursement record this month as it hit 10 million loans and $1.6 billion in transactions.
Mexican fintech Kueski announced a partnership with Amazon to offer BNPL on its marketplace, a first for the retail giant in Mexico.
Buy Now, Pay Later companies are gaining ground in Latin America, with Kueski reporting more than 1 million customers.
Kueski plans to launch new products this year as it seeks to serve the underbanked. BNPL application rising on the back of e-commerce.
Buy Now Pay Later is taking off in Latin America as an alternative for short-term financing and financial inclusion.
Exclusive interview with Andrew Seiz, head of finance at Kueski, on the 2024 outlook for consumer lending and Buy Now Pay Later in Mexico.
Latam fintechs expected to grow into lending in 2024, as a more benign economic environment favors greater risk-taking.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.