We’re excited to announce that Marqeta have now partnered with Amount to help banks rapidly enter the Buy Now, Pay Later (BNPL) space. The partnership alleviates the digital tools gap that prevents many banks from starting their own BNPL program, allowing them to go to market in just months with a BNPL offering and virtual card that drives revenue, captures market share, and increases customer loyalty online and in-store.

Amount has deep experience working with the complexities of big banks, and its platform is the market’s first and only battle-tested enterprise solution built specifically to help banks compete in the BNPL space. Its modular approach to BNPL is configurable, easy to deploy, and seamlessly integrates with legacy platforms, giving banks the flexibility to roll out BNPL with split pay or installment payments across a variety of channels, payment vehicles, and integration methods.

“With escalating consumer expectations for simple, digital experiences at every step, banks must compete or continue to lose market share to digital challengers who offer a more flexible way for their customers to pay,” said Adam Hughes, CEO of Amount. “We continue to develop and expand our platform to give banks the agility and tools they need to create high-value interactions at the point of sale. As a leader in modern payments and innovation, Marqeta shares our vision and is the ideal partner to bring best-in-class solutions to banks.”