Kueski has taken a major leap forward as a company and in expanding financial access for everyday Mexicans. For the first time in Mexico, Kueski offers a BNPL option on Amazon through Kueski Pay. The option to buy now, pay later will be available to all eligible Amazon customers over 18 in Mexico over the coming months. 

The beauty of Kueski Pay is that consumers don’t need a credit card or even a credit history to use this payment option. That’s one of the ways help to connect the Mexican economy. By teaming up with Amazon in Mexico and other merchants, it makes shopping online easier, more transparent, and convenient for everyone. 

Kueski is the leading online consumer credit and BNPL platform in Latin America. One in four of the largest e-commerce merchants in the country offers BNPL through Kueski Pay as a payment solution. They have already partnered with thousands of other online merchants and brick-and-mortar retailers to integrate Kueski Pay at checkout.

Kueski is going to extend well beyond the number of loans they’ve already granted (nearly 15 million!) throughout Mexico.

Kueski is doubling down on its commitment to connecting the Mexican economy and increasing access to financial services for consumers. For merchant partners, this translates into more new customers and higher sales. The merchants have already expressed an increase of up to 70% growth in conversion rates and 40% higher purchase frequency by offering Kueski Pay. 

What this means for consumers:

• Shopping will be more convenient. Customers will be able to shop for the products with the option to pay overtime in up to 12 bi-weekly installments.
• No credit card is necessary to use Kueski Pay as a payment option on Amazon Mexico (or anywhere!), which is particularly 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. 
• Kueski delivers to consumers the flexibility they demand. 60% of our customers declare that even though they have a credit card, they still prefer to use Kueski Pay as a payment option because of our product’s flexibility.

SVP of Finance, Kueski, Andrew Seiz, adds: 

“This agreement enables Amazon customers to enjoy, for the first time in Mexico, a buy now, pay later option at checkout. This is a huge 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.” 

Of our agreement, Karen Pepper, Head of Digital Payments for Amazon Mexico, says: “Customers are increasingly looking for flexible payment options to help them meet their purchasing needs. Paying in bi-weekly installments 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.”