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.

Get Measurable Results with Our Buy Now, Pay Later Solution
Modernize Credit Offerings
Attract Younger Members
Create New Revenue Streams
Support Members’ Financial Wellness

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
Brett Montague's photo

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)

Case Study: Firelands FCU Empowers Members with BNPL

With the launch of Flex Spend, their BNPL installment payment solution, Firelands FCU is deepening relationships and boosting the financial wellness of its members.

Explore More Strategic Insights for Credit Unions

The Popularity of BNPL Continues to Rise Icon

The Popularity of BNPL Continues to Rise

The February 2025 Payments Index provides a Deep Dive into BNPL consumer activity and the continued rise in popularity of the offering.

READ NOW
Who is Using BNPL — and Why? Icon

Who is Using BNPL — and Why?

Explore how credit unions can offer the best options and keep members informed about responsible use of different BNPL services.

READ NOW

Momentum for Your Credit Union Experience

Explore More Solutions to Fuel Your Growth

Accelerate Your Path to Success