Kueski plans to launch new products this year as it seeks to serve the underbanked. BNPL application rising on the back of e-commerce.
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 is taking off in Latin America as an alternative for short-term financing and financial inclusion.
Buy Now, Pay Later companies are gaining ground in Latin America, with Kueski reporting more than 1 million customers.
Despite high interest rates and risks of a reccesion, many BNPL fintech providers now vie to offer loans to the underbanked in Mexico.