Worldline Partners with Splitit on North American BNPL Service

Splitit (ASX:SPT, OTCQX:SPTTY ), the only white-label service allowing customers to pay by installments using their existing credit on their payment card at checkout, and Worldline (Euronext: WLN), a global leader in payment services, announce the signing of a partnership agreement to deliver an integrated card-based installment payments solution to Worldline's extensive network of merchants and marketplaces.

The partnership combines Worldline's position as a preferred partner to many industry-leading merchants worldwide with Splitit's innovative Installments-as-a-Service platform to drive complementary value for both companies. Worldline will initially integrate Splitit into its North American processing platform and enable Splitit APIs via its front end to offer its merchants a seamless way to adopt card-based installments. Worldline and Splitit will continue to explore expansion into further geographies following the initial launch.

Splitit and Worldline signed a partnership agreement to simplify the adoption of next-gen, card-based installments.

Splitit's white-label platform delivers one-click installments embedded into the merchant's existing checkout flow. 

"The growing merchant demand for next-generation installment options provides a significant opportunity," said Anthony Chalhoub, Managing Director, North America at Worldline. "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."

"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," adds Splitit CEO Nandan Sheth. "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."

Source: Finextra