Even with the continued shift to digital payments and the plethora of payment options, there are still stumbling blocks in commerce. Complexity is the enemy of the sale, Splitit Head of Client Success John Beisner told PYMNTS for the What’s Next in Payments series, “Business...
Merchants have a critical opportunity to capture consumer spending by strategically positioning pay later options. But do merchants miss out due to delaying visibility? Yes. In fact, consumers say early awareness of pay later options influences their purchasing decisions. Can merchants really afford to lose...
Embedded finance, and in particular lending, is finding its way into various URL, app and brick-and-mortar settings these days, and is also rendered at the point of sale, giving an indication of how prevalent its integration into the connected economy has become. The opportunity —...
Consumers are interested in options that help them manage their finances better. Many are turning to pay later plans for this reason. Installment plans linked to consumers’ existing cards are one option merchants need to consider. The benefits aren’t just for consumers. Card-linked installment plans...
December 23, 2024
This year’s payment options are wider than last year’s. The PYMNTS Intelligence report “Maximizing Holiday Value: The Strategic Value of Early Pay Later Visibility,” created in collaboration with Splitit, found that consumers prefer merchants that offer the option to pay over time. They also favor the ability to break payments into predictable timeframes in a […]
November 22, 2024
Even with the continued shift to digital payments and the plethora of payment options, there are still stumbling blocks in commerce. Complexity is the enemy of the sale, Splitit Head...
October 21, 2024
Embedded finance, and in particular lending, is finding its way into various URL, app and brick-and-mortar settings these days, and is also rendered at the point of sale, giving an...
July 18, 2024
The popularity of pay later plans has been on the rise. Consumers are becoming more aware of options such as buy now, pay later (BNPL) and card-linked installment plans. Merchants...
April 24, 2024
Splitit has launched a solution that enables banks and card issuers to offer installment plans to their customers at a merchant’s checkout. The new FI-PayLater allows financial institutions (FIs) to connect directly into Splitit’s card-linked installment platform or connect via their existing card network, the company said in a Wednesday (April 24) press release. They can then gain […]
December 12, 2023
Private equity group Motive Partners has secured a controlling stake in installment payments company Splitit. Motive has committed to invest $50 million in Splitit, the companies announced Tuesday (Dec. 13) as it also delisted from...
September 11, 2023
Installment payment platforms Splitit and AliExpress are bringing their “Pay After Delivery” offering to the United States. The service, already offered throughout Europe, lets consumers pay for goods after delivery using a “custom-branded...
August 15, 2023
Installments-as-a-service platform provider Splitit has secured an investment of $50 million from private equity firm Motive Partners. This commitment is composed of two tranches of $25 million in exchange for the issuance of...
