Splitit teams up with Telispire to power installment plans for high-ticket mobile devices

Splitit (ASX: SPT) (OTCQX: SPTTY) announced Telispire, a wholly owned subsidiary of the National Rural Telecommunications Cooperative (NRTC), has selected to integrate Splitit's Installments-as-a-Service into its PHOENIX state-of-the-art back office and billing system allowing Telispire's mobile virtual network operator (MVNO) customers to offer installment payments to its subscribers easily. As one of the country's largest technology providers and aggregators for MVNOs, Telispire offers a turn-key mobile telecom service for local and regional operators, utilities, co-ops and cable companies. The growth of 5G and the success of larger operators and cable operators venturing into the MVNO market is driving even greater competition for subscribers.

The integration with Splitit means any Telispire MVNO can offer installments to their subscribers for devices and services by turning on the feature through PHOENIX. There is no need to integrate new technology or manage complex third-party lender relationships.

Telispire's flexible turnkey solution enables operators to enhance their brand by selecting relevant products and services, including provisioning, billing, eCommerce, fulfillment, and customer support. Splitit's white-label installments solution provides a simple single-point API integration, ensuring Telispire can offer its customers the flexibility to nurture and retain their subscribers, driving loyalty and promoting brand consistency on their terms.

The installment experience is embedded into the existing purchase flow, with the flexibility to determine specific products or product categories to offer Splitit installments and the number of the installments provided. Any consumer with the available balance on their credit card is automatically pre-qualified to use Splitit. There's no application, registration or redirects and no additional interest, hidden fees and or credit checks.