Payment solutions innovator Splitit
(ASX:SPT) has announced the launch of a new instalments payment service named Plus for the US merchant market.
The project is a product of the company’s collaboration with Irish-American financial services and software developer Stripe.
Splitit promoted the new initiative, “This innovation of a payments gateway built exclusively for instalments makes it a fast, simple solution for merchants of any size to begin accepting instalment payments in minutes”.
The new service integrates Splitit’s traditional BNPL (buy now pay later) platform with a card processing mechanism to enhance user experience by improving convenience and accessibility, and removing interest and fees from credit card transactions.
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(ASX:SPT) last traded at 80 cents
