BNPL credit models are growing in Latin America's fintech sector, with major investments recorded even as rising rates deter risk appetite.
The drive to find no-interest credit options during an economic downtown greatly accelerated Buy Now, Pay Later (BNPL) adoption in the U.S. in 2022.
New York-based online banking company Ampla Technologies recently launched a new extended payment terms solution called Ampla Pay Later.
Amidst rising food prices, Iceland has launched a BNPL scheme aimed at continued affordability for vulnerable families during school holidays.
BNPL business models gained momentum in Brazil earlier in the year among financial technology firms catering services to cardless customers.