Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.
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.
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.
Buy Now, Pay Later companies are gaining ground in Latin America, with Kueski reporting more than 1 million customers.