BNPL is showing no signs of slowing down. Consumers love this fintech innovation and now everyone seems to want in on the action.

Enter Galileo, the fintech company that powers payments, card issuing and digital banking. It first launched a BNPL offering in 2022 for banks and fintechs and today it announced expanded functionality.

The key development here is post-purchase functionality. We have started to see this from banks and fintechs, where consumers can convert a credit card transaction into a BNPL payment plan.

Now, Galileo is bringing this to the broader market. They are targeting both existing lenders and those who have no lending program at all, touting this program as a great entry point into lending for deposit-focused fintechs.

I have no doubt that BNPL will continue to grow and this Galileo offering makes it easier for any bank or fintech to take advantage of this secular trend.

Featured

> Galileo Expands BNPL Offering for Banks and FinTechs

www.pymnts.com

Galileo Financial Technologies has launched an expansion of its BNPL offering. The company now lets banks and FinTechs offer cardholders new post-purchase installment payment options via their existing debit or credit cards.

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• Source: https://www.fintechnexus.com/fintech-nexus-newsletter-march-19-2024-galileo-beefs-up-it-bnpl-offering-for-banks-and-fintechs/