BUY NOW, PAY LATER

A Buy Now, Pay Later solution to modernize your credit union

Empower members with flexible payment options while unlocking growth opportunities for your institution.

Transform Your Credit Union’s Payment Offerings

In today’s competitive market, offering modern payment solutions is crucial. Our Buy Now, Pay Later (BNPL) solution allows credit unions to stay ahead by offering intuitive, flexible and trusted installment payment options that meet members where they are.

Tailored for credit unions, our BNPL solutions empower you to:

Compete with fintech and other industry players
Give members flexibility and control over their payments
Strengthen relationships with transactors and revolvers alike
Drive spend back to credit cards, creating long-term value

Seamless Integration for Effortless Management

Our flexible payment solution is an intuitive, integrated money management system that helps your credit union deliver seamless experiences to your members:

Easily manage installment payments directly from your platform
Customize qualification criteria to suit your institution’s needs
Offer enhanced statement capabilities for clear, actionable insights
Enable members to track and manage payment plans with ease

Driving Member-Centered Innovation Together

“Combining our desire to provide a strong digital strategy with our commitment to responsible lending practices made partnering with [Velera] on BNPL the perfect match. We are proud to offer low-stress options for our members’ financial journeys and happy to have a partner like [Velera] to enable our digital growth.”

Firelands Federal Credit Union

Brett Montague, President

The Rise of BNPL

More than 360 million consumers have used BNPL, and 80% of BNPL users are between ages 25 and 34. (5WPR 2023 Consumer Culture Report)
The availability of BNPL programs is on the rise overall, with 49% of members reporting their financial institution offers one, up from 23% in 2022. (Eye on Payments 2024)
82% of members who know their financial institution offers a BNPL program have utilized it, increasing from 69% in 2022. (Eye on Payments 2024)