CAMBRIDGE, Mass. — MIT Federal Credit Union (MIT FCU) has launched a new in-house Buy Now, Pay Later (BNPL) product it said has increased financial flexibility while reinforcing its dedication to supporting members in every stage of their financial journey.
The BNPL tool has been integrated into MIT FCU’s trusted mobile and online banking platforms.
“Our goal has always been to empower our members with tools that simplify their financial lives,” SVP-Lending Dmitriy Banar said in a statement. “This BNPL offering provides a transparent and responsible way to plan purchases, manage spending, and stay in control, supported by a credit union that they see as a trusted partner.”
MIT FCU partnered with equipifi on the offering. The credit union said members can use BNPL to access additional funds ahead of an expense or convert completed qualifying transactions into installment plans. Personalized, pre-qualified BNPL offers appear directly within digital banking and can be accepted within moments, it added.
