Splitit Brings Installment Payments to Discover Global Network Cardholders

Splitit (ASX:SPT), the company empowering consumers to use their existing credit to spread payments over time, can now offer its installment payments options to Discover Global Network Cardholders worldwide. The addition of Discover, Diners Club International and network alliance cards to the installment payment platform brings another major global card scheme to its growing portfolio of payment partners.

Merchants can offer shoppers the ability to use their Discover, Diners Club or network alliance credit card at checkout with Splitit to spread payments over time. Splitit charges shoppers no additional fees or interest, letting them take advantage of payment installments while earning the rewards that their credit card offers.

"We are thrilled to be working with Discover Global Network to empower their cardholders to be able to take advantage of installment payments on their preferred card," said John Harper, interim CEO of Splitit. "We are confident that the added flexibility and convenience Splitit offers will also help merchants increase important performance metrics, including sales volume, average order value and cart conversion rates."

"One of Splitit's core tenants is to be accepted globally. The partnership with Discover Global Network is an important step in our global acceptance strategy to offer greater choice and flexibility for shoppers at checkout while increasing AOV and decreasing cart abandonment for our merchants," added Harper.

Discover Global Network has more than 50 million merchant acceptance locations. The Discover Global Network includes Discover Network, Diners Club International, PULSE and more than 20 alliance partner networks across the globe.