equipifi, a fintech company providing banks and credit unions with a white label Buy Now, Pay Later (BNPL) solution, announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a leading provider of digital transformation solutions for banking and lending. Through this integration, equipifi will offer BNPL services within Q2’s Digital Banking Platform. 60 percent of US consumers have used BNPL at least once and over 70 percent of BNPL users would prefer a solution from their trusted financial institution.
The Q2 Partner Accelerator is a program through the Q2 Innovation Studio that allows in-demand financial services companies who are leveraging the Q2 SDK to pre-integrate their technology to the Q2 Digital Banking Platform. This enables financial institutions to work with these partners, purchase their solutions and rapidly deploy their standardized integrations to their customers.
equipifi’s white label BNPL solution integrates with banks and credit unions to curate offers that consumers can view, accept, and manage through their existing banking apps. By offering BNPL, financial institutions enable their debit cardholders to pay for purchases in a way that aligns with their financial goals.
“We are pleased to see equipifi join the Partner Accelerator Program,” said Johnny Ola, Managing Director, Q2 Innovation Studio. “Our financial institution customers now have the option to offer equipifi’s Buy Now, Pay Later services to their account holders.”
“Consumers have become accustomed to flexible purchasing options through third-party vendors that are currently offering BNPL solutions, and they have the same expectations of their financial institutions when establishing their preferred payment methods,” said Bryce Deeney, co-founder and CEO of equipifi. “Through equipifi’s integration with Q2’s Digital Banking Platform, Q2 customers will have the ability to offer more convenient payment methods for their customer’s buying journey.”