Splitit partners with Mastercard to launch a white-label installment platform, targeting mid-sized financial institutions to scale its payment technology.
Splitit is expanding its market reach by launching the Splitit World Mastercard, a white-label solution designed specifically for mid-sized banks and credit unions. This strategic move allows the company to integrate its installment payment technology directly into the everyday spending infrastructure of financial institutions, potentially increasing transaction volume and platform adoption.
It is a white-label offering designed to provide built-in installment payment capabilities for mid-sized banks and credit unions.
Mastercard is mentioned as the network partner in the new Splitit World Mastercard product, but the announcement does not materially affect Mastercard's financials.
Splitit has unveiled a new white-label World Mastercard product designed to integrate installment payment capabilities directly into the offerings of mid-sized banks and credit unions. This strategic expansion aims to broaden the company's reach by enabling financial institutions to provide flexible, built-in payment options for everyday consumer spending.
The product aims to provide mid-sized banks and credit unions with a white-label installment payment solution to offer their customers flexible spending options.