ASB MAGAZINE: Splitit, a global payment technology company announced continued global expansion in 2021, Splitit is the only ‘buy now pay later’ solution that enables shoppers to pay in instalments directly on their credit card. Whilst the payment option is widely available in Australia, the company announced merchant agreements with Boardriders brands Quiksilver, Roxy and DC Shoes are now accepting Splitit across Europe.
“With nearly $3 trillion of available credit on US credit cards, the death of the credit card has been greatly exaggerated,” said Brad Paterson, CEO of Splitit. “Consumers continue to use credit cards because of the unique benefits they offer including convenience and rewards programs. Splitit is the only payment solution that empowers shoppers to use their earned, available credit in a manner that fits within their cash flow budget.”.
“With more than $2.3BN in addressable sales volume now signed and currently integrating, Splitit acceptance continues to grow with some great new brands and further expansion into professional services, luxury goods, home furnishings and outdoor,” said Paterson.
Splitit is a global payment solution provider that enables shoppers to use the credit they’ve earned by breaking up purchases into monthly interest-free instalments, using their existing credit card. Splitit enables merchants to improve conversion rates and increase average order value by giving customers an easy and fast way to pay for purchases over time without requiring additional approvals. Serving many of Internet Retailer’s top 500 merchants, Splitit’s global footprint extends to thousands of merchants in countries around the world. Headquartered in New York, Splitit has an R&D center in Israel and offices in London and Australia. The company is listed on the Australian Securities Exchange (ASX) under ticker code SPT.
VIA PRESS RELEASE