Marqeta, a leading global modern card issuing platform, has announced a strategic partnership with Scalapay, a leading Buy Now Pay Later (BNPL) provider in Europe. This partnership aims to enhance the payment experience for consumers across the European market.

Scalapay provides interest-free installment plans that allow customers to split their purchases into three equal payments over time, making it easier and more affordable for them to buy now and pay later. By teaming up with Marqeta, Scalapay aims to expand its BNPL offering and streamline the payment process for its customers.

Marqeta’s advanced card issuing infrastructure will enable Scalapay to issue virtual cards to its customers instantly. This will eliminate the need to wait for physical cards to be delivered, providing a seamless and convenient experience for consumers.

Through this partnership, Marqeta will also provide Scalapay with the necessary tools to effectively manage and control its card programs. Marqeta’s platform offers features such as real-time transaction monitoring, spending limits, and customizable card controls, empowering Scalapay to offer a secure and reliable BNPL service to its customers.

Both Marqeta and Scalapay share a common goal of driving financial inclusion and improving the accessibility of financial services. By combining Marqeta’s technological capabilities with Scalapay’s innovative BNPL solution, the partnership aims to cater to a wide range of consumers, including those who may have been traditionally underserved by traditional banking systems.

Commenting on the partnership, Jason Gardner, CEO and Founder of Marqeta, said: “We are excited to join forces with Scalapay and help them accelerate their growth in the European market. Marqeta’s expertise in card issuing and payment infrastructure will provide Scalapay with a competitive edge, enabling them to deliver a seamless and secure Buy Now Pay Later experience to their customers.”

The collaboration between Marqeta and Scalapay is expected to revolutionize the BNPL landscape in Europe, offering consumers a flexible and convenient alternative to traditional banking options. With their combined expertise, the partnership aims to provide customers with greater financial flexibility while ensuring a safe and reliable payment experience.

This strategic partnership comes at a time when the demand for BNPL services is rapidly increasing worldwide. By leveraging their respective strengths, Marqeta and Scalapay are well-positioned to establish themselves as leaders in the European BNPL market.