Mon, Dec 23 2024
The in-store version of Kueski Pay has launched and will be accessible to all customers by the end of Q2 of 2024, according to Kueski, the top buy now, pay later (BNPL) and online consumer lender in Latin America.
With the help of this cutting-edge innovation, clients will be able to conduct transactions in physical businesses using the Kueski mobile app, independent of their internet connection.
Given that the majority of Mexican consumers do not have access to financial services or dependable internet connectivity while they shop in person, this approach represents a paradigm shift in the nation. According to a Bank of Mexico survey, cash is still used in 80% of retail transactions. By removing these obstacles, Kueski will strengthen the bonds that bind millions of customers and businesses.
According to Jaime Romero, Chief Technology Officer of Kueski, "achieving instant mobile payments regardless of internet connectivity will be the ultimate game changer for the modern Mexican consumer." "At Kueski, we have established one of Mexico's most robust merchant networks, and it only gets bigger. Almost 60% of our users say they wouldn't have made their last purchase if they hadn't had the option to pay with Kueski Pay. Our thousands of in-store partner merchants may take advantage of the urge to draw in more consumers and increase sales with this payment option, which is now simpler than ever.
The goal of Kueski is to make Mexicans' financial lives easier, and its most recent invention is a big step toward universal financial inclusion. Given that nearly 70% of Kueski consumers have expressed interest in using this payment method in physical establishments, it is also the next step in satisfying consumer demand.
Kueski revealed earlier this year that it is now accepted as payment for small and medium-sized businesses as well as some of the biggest names in the world, including Adidas, Clinique, MAC, Estée Lauder, and hundreds more. It is also already available on Amazon Mexico.With around 16 million loans made, Kueski is dominating the BNPL and consumer lending markets. As per the Morgan Stanley "Upsurge of Latam BNPL" research, Kueski Pay holds the highest penetration among the top 150 e-commerce merchants in Mexico and is the preferred merchant partner for BNPL in Latin America. According to Kueski's current estimation, 1 in 4 of the leading Mexican e-commerce companies provide their BNPL service.
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