Velera Launches BNPL Offering to Bolster Credit Unions’ Digital Payments Edge

Buy now, pay later (BNPL) has expanded beyond big-ticket durable goods into travel, home services and event expenses. Yet PYMNTS Intelligence says nearly half of credit union members still turn to outside providers such as PayPal, Affirm and Klarna for these tools. Velera is therefore embedding installment options into members’ existing financial relationships, helping credit unions strengthen their digital payment services and retain members.

Velera launched Debit Flex Payments on April 7, 2026, giving debit card purchases instant access to installment plans. Apple Pay’s “Pay with Installments” for credit cards is expected to become available in the second half of the year. BNPL transaction value is projected to reach $3.7 trillion by 2030. Major providers recorded a 22% increase in installment value and a 12% rise in transaction volume last year.