Splitit and Visa will work together to provide an improved instalment solution

Splitit Payments Limited (ASX: SPT) announced that it has renewed its two-year partnership agreement with Visa to pilot an improved instalment solution. The businesses collaborated to enhance the Splitit solution's Visa Instalments user interface.

Through this partnership, Splitit's Instalments-as-a-Service solution and Visa Instalments (VIS), a suite of solutions offered to issuers, acquirers, and merchants, are combined to give participating acquirers and merchants access to a Buy Now Pay Later payment option offering a single point of integration (via API) for credit card instalments. Through participating acquirers, the combination enables merchants to provide a globally recognized card-attached instalment solution integrated within their current credit card processor.

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