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Split refocuses its activity to ecommerce and retail

Monday 11 May 2020 15:16 CET | News

Singapore-based online travel payments solution Split has adapted its services to retail and ecommerce industries. 

According to webintravel.com, due to the COVID-19 pandemic’s effects on travel, Split had to pivot its business on more active non-travel sectors, focusing on ecommerce and retail across electronics, fashion, accessories and lifestyle brands. Therefore, Split has decided to rebuild its interface to more of a ‘Shopify’ one, switch that resulted in an increasing demand from merchants to adopt its payment solution across Malaysia and Singapore. 

Moreover, the company’s officials believe that payment solutions can help SEA’s financial landscape evolve to offer services to many of those who are unbanked or underbanked, as their adoption of digital payments increases. Besides, the lack of credit and penetration is building the need of point-of-service financing for customers, which fits in perfectly for consumer online shopping, webintravel.com concluded.

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Keywords: Split, ecommerce, retail, COVID-19, payment solution, Malaysia, Singapore, SEA, point-of-service financing
Categories: Payments & Commerce | Ecommerce
Countries: South East Asia
This article is part of category

Payments & Commerce