Splitit and Worldline Sign a North American Partnership Agreement to Simplify the Adoption of Next-Generation Card-Based Installment Payments
Splitit, the only white label service that allows customers to pay in installments using the credit existing on their payment card at checkout, and Worldline, the world leader in payment services, announce the signing of entered into a partnership agreement with Worldline to provide card installment services with integrated payment solutions to Worldline’s vast network of merchants and markets.
This partnership combines Worldline’s position as the preferred partner of many of the world’s leading merchants with Splitit’s innovative Payouts-as-a-Service platform to drive additional value. for both companies. Initially, Worldline will integrate Splitit into its North American processing platform and enable the Splitit API through the user interface to provide merchants with a seamless way to apply for card payments. Worldline and Splitit will continue to explore other geographies after the initial launch.
Splitit’s white-label platform offers one-click payments integrated with the merchant’s existing payment flow. The merchant brand experience, jointly powered by Splitit and Worldline, reduces the clutter and confusion of multiple checkout logos at checkout, ensures brand consistency, and drives loyalty and purchases repeat row.
“The growing merchant demand for next-generation installment options provides a significant opportunity,”
“Splitit delivers a unique white-label installment service that provides consumers with a way to utilize existing credit better to split the cost of purchases while providing merchants more control over the entire experience. We want to enable our customers with value-added payment services that are quick and easy to implement, and Splitit provides that.”
Anthony Chalhoub, Managing Director, North America at Worldline.
“We are delighted to be partnering with Worldline. Our partnership provides an exceptional opportunity to deliver considerable value to Worldline’s current and future customers,”
“Worldline processes billions of transactions globally for some of the most respected brands in the world. Their Merchants will soon be able to benefit from a best-in-class installment service that drives frictionless conversion through a white-label experience.”
Splitit CEO Nandan Sheth.
Instead of creating new consumer loans, Splitit unlocks existing consumer credit on payment cards at 0% interest, in installments. Any consumer with available credit on their credit card is automatically eligible to use Splitit for the value of that available credit. No apps, registrations or redirects and no additional interest, hidden fees2 or credit checks.