Splitit inks three year deal with GHL

Company News

by Anna Napoli

Modern day buy now pay later company, Splitit Payments (ASX:SPT) has today announced a three-year partnership agreement with GHL ePayments Sdn Bhd, part of leading payment service provider, GHL Systems.

Under the agreement GHL will offer Splitit’s instalment solution to more than 2,000 online merchants in Malaysia, Thailand, Indonesia and the Philippines.

GHL is one of the top merchant acquirers in the ASEAN region, processing over AUD $350 million in total online and offline transaction value per month via its network of large and small merchants across multiple industries, with a particular strength in the travel sector.

Splitit says the partnership allows it to continue growth in APAC and develop a presence in multiple industries, in particular the travel sector.

Shares in Splitit Payments (ASX:SPT) are trading 4.95 per cent higher at $0.53.
 

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.