QisstPay, the Pakistan-based buy now, pay later (BNPL) startup, is launching its 1-click checkout product in the U.S.
Tell me more: QisstPay is the most well-funded BNPL startup in Pakistan. Last year it raised $15 million in seed funding from a handful of investors.
And recently, SECP granted QisstPay BNPL license.
As opposed to launching its BNPL product in the U.S., it is introducing a product not available in the Pakistani market – 1-click checkout.
As the name suggests, you can check out in 1-click at any partner e-commerce retailer. All you have to do is signup at QisstPay and link a payment method.
Payment methods: As a BNPL startup, you would expect QisstPay to provide a native BNPL option, but it doesn’t.
Instead, it has opted to partner with Klarna and Affirm to do that.
There’s also the option to pay with a credit card, PayPal, Venmo, Apple Pay, and Google Pay.
You should know: QisstPay was founded in 2020 by Jordan Olivas. In his previous life, he worked at Klarna and ChargeAfter.
After the U.S., QisstPay is eying a Bangladesh launch.
Big picture: QisstPay faces intense competition from Bolt and Fast. Both have established brands in the 1-click checkout space and are well funded.