Accepted at 80 million merchants worldwide, the card-led instalments product offers monthly or periodic instalments. Mastercard Pay & Split is a network-based, open-loop instalments solution that will be made available anywhere in the world.
The payment giant said that with Pay & Split, businesses can make instalment finance purchases from suppliers around the globe and manage cashflow, while eliminating the managing fragmented payment plans.
In addition to providing access to financing, Pay & Split will offer a path for these smaller operators to build a credit history.
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