Quote from the Marqeta Q3. Marqeta provides the tech that allows BNPL to happen. Afterpay introduced the Afterpay Plus Card recently. Looks like from the Card is going well.
As a result, many BNPL providers introduce Pay Anywhere solutions for use across multiple merchants, giving consumers the option of paying in installment rather than an evolving balance. This new use case has shown tremendous growth and the multiple programs we have that use this contract is for approximately 10% of our Buy Now, Pay Later volume. This is particularly marketable as many of these programs have only been live for just a few quarters. Not only are these programs growing in popularity, but they also have better take rates than commercial virtual cards
Alternative Metrics, page-175
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