back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Splitit and Everyware team up to bring instalments to pay by text

By Edlyn Cardoza

June 24, 2022

  • API
  • BNPL
  • Contactless Payments
Share

Splitit, Everyware, Contactless Payments, Customer Engagement Solutions, Mobile Installments, Installments-as-a-Service Platform, Pay By Text, BNPL, Mobile Payments, Visa Installments, API, USASplitit and Everyware, a leading contactless payments and customer engagement solutions company, have agreed to a partnership to bring Splitit’s Installments-as-a-Service platform to Everyware’s Pay By Text platform eliminating consumer friction for mobile instalments.

Everyware will integrate Splitit’s Installments-as-a-Service into its platforms to deliver an unprecedented mobile-first buy now, pay later (BNPL) solution with the least friction for mobile payments. Splitit’s white-label experience provides a simple integration through its single-point API, including network programs like Visa Installments. Any consumer credit card is automatically pre-qualified to use Splitit. There’s no application, interest or hidden fees and no changes to their credit report.

“Contactless payments and installment payments have followed a similar trajectory over the past few years. We saw a tremendous opportunity by combining the two. Splitit delivers minimal friction for mobile installment payments and an easy path to integrate with its API. We can offer a pre-funded BNPL solution embedded directly into our Pay By Text experience. Nothing in the market compares,” says Kevin Feagan, Chief Revenue Officer at Everyware. “On top of this, there are significant synergies between the industries that both companies support.”

For Everyware customers, offering mobile instalments with Splitit will be as simple as turning on the feature in their Everyware portal. Splitit’s use of global credit card networks also means merchants can easily add their service to new countries or regions through a single integration. As part of the partnership, the companies will jointly target key verticals where the joint service is ideal, like services, healthcare, home improvement and non-profit. The integration is expected to be completed by Q3 2022.

“Everyware has done a tremendous job answering the needs of mobile-first consumers by leading the way towards widespread adoption of pay by text. The addition of Splitit’s Installments-as-a-Service makes mobile payments even more powerful,” adds Colt McCutcheon, Chief Revenue Officer of Splitit. “Consumers love the convenience of both contactless payments and installments. However, only we can deliver high AOV installments without a long registration process required for originating a new consumer loan.”

Previous Article

June 24, 2022

Invest Bank launches multi-currency payment service via Buna platform

Read More
Next Article

June 24, 2022

4 Artificial Intelligence trends noticed in the Banking sector

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 19, 2022

API

The Weekly Wrap: all you need to know by Friday COB | August 19th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 19, 2022

6 FinTech Tweets you should see!

Read More

August 19, 2022

PalmPay launches Wallet Safe Workshop to spread payment security awareness

Read More

August 19, 2022

Bond Financial Technologies launches new Credit Builder Card

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022