Splitit Joins Visa Ready for BNPL to Enable Flexible BNPL Payments

Splitit Payments Limited ("Splitit" or the "Company") (ASX:SPT,OTCQX:SPTTY), the only card based installments platform that empowers shoppers to use their existing credit card, announced today it joined the Visa Ready for BNPL program. Through its work with Visa, Splitit provides consumers with a flexible payment option and the transparency, control, and budget management capabilities they demand.

Splitit's flexible platform helps businesses deliver a faster and simpler payments experience that drives higher sales, average order value (AOV), brand satisfaction and loyalty.

"We're extremely pleased to join the Visa Ready for BNPL program, providing Merchants with cost-efficient payment methods that keep their brand at the center of the shopping experience," said Nandan Sheth, CEO of Splitit. "Splitit is powering the next generation of Buy Now, Pay Later through our merchant-branded Installments-as-a-Service platform. At the core of our vision is continuous innovation, unlocking BNPL for the entire payment ecosystem and helping issuers become more relevant in the installments economy."

Splitit's patented technology offers a credit card–based installment solution that lets consumers spend smarter by making the most of the credit cards they already have. Splitit gives shoppers more control by turning larger purchases into more manageable monthly installments on their existing credit cards—with no new financing, interest or fees—while allowing them to take advantage of all the cards' respective benefits and rewards.