Descubre el futuro de las finanzas en América Latina y el Caribe

The future of finance in LatAm & the Caribbean

O futuro das finanças na América Latina e no Caribe



BNPL is among new credit models gaining popularity among banks and fintechs

Dec 28, 2021

By Antony Pinedo

Series2021: While buy now, pay later products got off to a slow start in Latin America, they’re set to proliferate next year


Buy now, pay later (BNPL) is among the digital credit products that have been gaining popularity and will continue to spread next year. In May, we reported that the vertical was off to a timid start in Latin America, but it has been growing among banks and fintechs.

We also reported on how the future of credit will be in data analytics, especially alternative data, and will be key to increasing financial inclusion in the region.

In 2022, we will also see more use cases for embedded finance, which has opened up the possibility of incorporating financial services into platforms as diverse as retail and healthcare, expanding the market for credit.

BNPL “is a trend that is here to stay,” said José Vargas, who is executive vice president and general manager of Provenir Latin America and believes that, given the change in online consumer behavior, credit at the point of sale is being rethought.

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