Splitit has secured a major partnership with SHOPLINE, one of the world’s largest commerce SaaS platforms, to provide card-linked installment payment services to the platform’s merchant network. The deal announced today positions Splitit as SHOPLINE’s chosen partner for enabling buy-now-pay-later functionality using existing credit cards rather than requiring new loans or credit checks.
The integration will allow SHOPLINE’s global merchant base to offer customers installment payment options that work directly through their existing credit and debit cards. This card-linked approach differentiates Splitit from traditional BNPL providers by leveraging consumers’ available credit without additional underwriting processes.
For fintech investors and payment processing stakeholders, this partnership signals continued consolidation in the competitive BNPL space, with card-linked solutions gaining traction as an alternative model. SHOPLINE’s extensive merchant ecosystem across multiple markets provides Splitit significant distribution potential and transaction volume growth opportunities.
FXnCO Insight
Watch for increased competitive pressure on traditional BNPL providers as card-linked installment solutions gain mainstream SaaS platform partnerships, potentially reshaping payment processing revenue streams.
Source: Finextra