Rapyd Partners with Splitit to Power Next Generation of Buy Now, Pay Later technology

The Rapyd Splitit partnership will enable businesses around the world to deliver seamless installment payments to their shoppers with access to Rapyd’s extensive global payments network. The partnership will bring Splitit’s Installments-as-a-Service platform to Rapyd’s extensive network of merchants and marketplaces, making it possible for businesses anywhere to adopt Splitit’s one-of-a-kind white-label, card-based installment platform, offering customers a quick checkout experience and the highest approval rates.

Splitit powers the next generation of Buy Now, Pay Later (BNPL) through its merchant-branded Installments-as-a-Service platform. Now, with Rapyd, Splitit is solving the challenges businesses face with legacy BNPL like the declining conversion funnel, clutter at checkout and a lack of control of the merchant's customer experience while putting the power back in the hands of merchants to nurture and retain customers, drive conversion and increase average order value.

Splitit's white-label BNPL is the easiest installment option for merchants to adopt, integrate and operate globally, while delivering an uncluttered, simplified experience embedded into their existing purchase flow. Instead of originating new consumer loans, Splitit unlocks existing consumer credit on payment cards for 0% interest, allowing consumers to pay for their purchase in convenient installments over time. Any consumer with available credit on their credit card is automatically pre-qualified to use Splitit for the value of that available credit.

By partnering with Rapyd, Splitit merchants will be now able to:

• Expand global reach: Rapyd enables merchants to accept payments from over 100 countries and send payout to over 190 countries

• Operate locally, think globally. Accept over 50 local e-wallets and get paid into virtual accounts in over 40 countries.

• Utilize more payout options. Send payouts using banks, cards, e-Wallets and cash across markets and currencies with improved settlement time

• Accept more payment methods: Accept bank transfers and redirects, cards, e-Wallets, cash and Virtual Accounts

Read more about the Rapyd Partner Program.