If you shop online in Mexico today, chances are that when you go to the checkout there will be a box that says Kueski Pay – a buy-now-pay-later service that is enabling even customers without a bank account to purchase goods over the internet. In doing so, it is expanding e-commerce services to segments of the population that were previously excluded from making digital payments while also giving them access to legitimate sources of credit.
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Kueski is one of hundreds of fintech startups in Latin America that are using technology to provide financial services to previously underserved or entirely unbanked segments of the population.
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