Kogan partners with buy now pay later Splitit

Company News

by Anna Napoli

Buy-now pay-later service Splitit (ASX:SPT) has signed Kogan (ASX:KGN) as its first major Australian retail partner.

Splitit says its service will be available on Kogan.com in the coming days, which will allow customers to pay for items in instalments.

Splitit is a payments business enabling customers to pay for purchases with an existing debit or credit card by splitting the cost into interest-and-fee-free monthly payment.

Kogan says it is focused on making the most in-demand products and services affordable and accessible for Australians. And is excited to be able to offer Splitit’s innovative solution to customers in Australia, who will now have more flexibility in paying for their purchases.

Shares in Kogan (ASX:KGN)  are trading 6.11 per cent higher at $5.04.
 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.