Splitit & APPS partner to simplify payments

By Delisha Fernandes

Splitit, a Buy Now, Pay Later (BNPL) platform, announced its partnership with Atlantic-Pacific Processing Systems, a payment solutions provider, to deliver an integrated card-based instalment payments solution.

The partnership will create many new buy now pay later (BNPL) options for merchants to access as part of APPS white-label acquiring programs for ISOs, ISVs and Payment Facilitators.

Splitit’s Installments-as-a-Service (IaaS) platform will be embedded into APPS’s white-label booking, boarding tools, APIs and merchant-facing front-end acceptance tools. This will allow merchants to easily add one-click instalments to their checkout and provide a simple solution for ISOs, ISVs and Payment Facilitators to offer this service to their customers.

“We are delighted to partner with APPS to offer their enterprise clients, ISOs, ISVs and integrated accounting solutions Splitit’s best-in-class white-label experience,” said Nandan Sheth, CEO, Splitit. “This partnership demonstrates the strength of Splitit’s distribution-led strategy as it serves ISVs in the automotive, healthcare, education, and furniture industries.”

“Splitit is the ideal complementary solution to offer our ISOs, BINs, and ISV Payment Facilitation partners,” said Abe Maghaguian, CEO APPS. “This partnership will allow them to maintain their merchant relationships while providing a frictionless BNPL program which any customer may apply to any transaction at check out. Together, we can bring a new BNPL program to market for any ISO or ISV to use with their existing acquiring program, expanding this underserved group of merchants’ ability to sell their products to customers who rising costs may otherwise burden.”

Maghaguian added: “We are honoured to welcome Splitit to the APPS family of strategic partners. APPS is a perfect match for Splitit’s Installments-as-a-Service platform. It will empower our Agents, ISOs, ISVs and Payment Facilitators to grow their margins with clients, an essential differentiator for APPS.”