Amazon Mexico announces addition of Kueski Pay BNPL product as an online payment option
Kueski, a buy now, pay later (BNPL) provider in Latin America, is available as a payment option on Amazon Mexico.
Kueski Pay is now available to select Amazon customers and will roll-out to all eligible customers in Mexico over the coming months.
People will be able to select plans of up to 12 bi-weekly instalments.
A key feature of this product is that it does not require a credit card, which is pitched as being beneficial given that more than 60% of adults in Mexico are still unbanked and over 70% of the population does not have a credit card.
The agreement between Kueski and Amazon allows customers to choose how they want to pay, including via a linked bank account, debit card or cash on affiliate networks.
“Customers are increasingly looking for flexible payment options to help them meet their purchasing needs,” says Karen Pepper, Head of Digital Payments at Amazon Mexico.
“Paying in bi-weekly instalments with Kueski Pay is Amazon's latest initiative to provide customers in Mexico with access to affordable payment methods, and expanding Amazon's secure financing offers with a simple fee structure demonstrating our commitment that Amazon is for everyone.”
“This agreement enables Amazon customers to enjoy, for the first time in Mexico, a buy now, pay later option at checkout,” says Andrew Seiz, SVP of Finance at Kueski.
“This is a significant step forward for Kueski as a leader in flexible payment solutions.”
“Making BNPL available on Amazon Mexico gives millions more people access to the vast Amazon marketplace wherever they are in the country. We are thrilled to help pave the way forward for BNPL and increase access to financial services for all Mexicans.”
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