A partnership agreement has been signed between Splitit, which is the only white-label service that allows customers to pay for their purchases using their existing credit on their credit card at checkout, and Worldline, the world’s leading provider of payment services. Through this partnership, Splitit will provide Worldline’s extensive network of merchants and marketplaces with an integrated card-based installment payment solution.
Splitit’s CEO, Nandan Sheth, commented, “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.”
As a result of the partnership, Worldline will be able to leverage its position as a preferred partner to many industry-leading merchants worldwide as well as Splitit’s innovative Instalments-as-a-Service platform to drive complementary value for both parties. With Splitit’s integration into Worldline’s North American processing platform, Splitit APIs will be made available on worldline’s front end to allow merchants to accept card-based instalments seamlessly. Following the initial launch, Splitit and Worldline will explore expanding into other geographies.
Anthony Chalhoub, Managing Director of North America at Worldline, said, “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.”
Through Splitit’s white-label platform, merchants can integrate one-click installments directly into their checkout flow. Splitit and Worldline jointly deliver merchant-branded experiences that reduce clutter and confusion at the checkout, ensuring brand consistency and driving repeat sales.
Splitit unlocks existing consumer credit on payment cards for 0% interest and pay-over-time installments, rather than originating new consumer loans. For any consumer with available credit on their credit card, Splitit automatically qualifies them for that credit’s value. There are no application forms, registrations, or redirects, and no hidden charges or interest.