Splitit and Visa have partnered to offer merchants a buy now, pay later (BNPL) solution.
The two companies have signed a two-year deal in which Splitit’s installments-as-a-service offering is combined with Visa Instalments to form a BNPL solution that will be piloted in select markets during the second half of the year, The Market Herald reported Friday (May 5).
The new BNPL solution will be embedded within the merchants’ existing credit card process, allowing them to offer the installment service to their customers, according to the report.
Source: Pymnts
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