ATLANTA, GA (November 21, 2024) |
APCU/Center Parc Credit Union – Georgia's oldest credit union with more than $2.3 billion in assets and serving over 107,000 members nationwide, announced that it has added Buy Now, Pay Later (BNPL) to its suite of online banking products.
APCU/Center Parc is the first credit union to launch BNPL in Georgia. It has selected equipifi, a leading BNPL platform designed for financial institutions to power its solution. With this launch, APCU/Center Parc will extend personalized BNPL offers for members to split payments on eligible debit card transactions. APCU/Center Parc members will be able to view and accept pre-qualified BNPL offers in their digital banking experience.
“At APCU/Center Parc, we are dedicated to our members who have chosen to bank with us to reach their goals and build their futures,” said Blake Graham, President and CEO at APCU/Center Parc. “With the launch of BNPL powered by equipifi, our members will receive state-of-the-art purchase financing that is personalized to their budget and needs, from the financial institution that they trust.”
“Buy Now, Pay Later is a financial service that consumers want and are increasingly expecting from their primary financial institutions,” said Bryce Deeney, CEO and co-founder of equipifi. “By launching BNPL, APCU/Center Parc is delivering safe and intuitive access to credit in the way that their membership prefers.”
APCU/Center Parc joins dozens of credit unions across the United States that have launched their own BNPL product to their members. BNPL is projected to grow at a compounded annual rate of 25.5 percent between 2022 and 2026.
About equipifi
equipifi is the leading Buy Now, Pay Later (BNPL) platform for debit card issuers in the United States. This is a white label solution designed to align with consumer purchase habits, payment preferences, and financial goals. The equipifi platform seamlessly integrates with leading banking cores and digital banking platforms to deepen customer engagement, grow market share, increase revenue, and provide a single place to view, accept, and manage BNPL plans on their existing banking app. For more information, please visit http://www.equipifi.com/.