As part of the agreement, Splitit will leverage Mastercard’s network of partners to extend and scale instalment functionality to consumers and merchants. It will integrate its instalment solution with Mastercard’s suite of technology as a network partner to enable merchants to deliver secure consumer experiences at checkout, both in store and online.
Both companies will also jointly develop instalment and related products. Mastercard’s Payment Gateway Services (MPGS) and Application Programming Interface (API) tech will enable a systemic, scalable way to offer Splitit’s instalment solution through any channel. The partnership will also explore accelerated collaborations with Mastercard’s suite of instalment solution providers.
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