London-based white-labelled platform for point-of-purchase finance, Divido has announced a partnership with monthly instalment payment solutions provider Splitit Payments Ltd. The partnership is expected to enable Divido to provide its customers with Splitit’s instalment payment solution.
“The fast-evolving nature of the retail industry means that point-of-sale finance is now seen as a hygiene factor for multinational retailers around the world,” said Christer Holloman, CEO, and co-founder, Divido. “Working with Splitit via our lending platform, through one single integration we’re able to extend our reach even further and serve the installment needs of even more multinational retailers and end-consumer around the world.”
According to the supplier, the partnership will bring the option of instalment payments to multinational retailers and will make Splitit’s omnichannel and cross-border instalment solution available to Divido’s merchants and customers.
Brad Paterson, Splitit’s CEO said, “We are very excited to partner with Divido, a fellow pioneer in point-of-sale customer finance. Working together will deliver Divido’s customers the added value of our seamless solution and expand our access to a greater number of merchants, helping us provide payment flexibility to more retailers and consumers worldwide.”
Established in 2014, Divido is a white-label platform for retailers, lenders and payment intermediaries that want to offer point-of-purchase finance to consumers. Its lending platform allows customers to select the period of time they would like to pay via monthly instalments and enter their card details. The first instalment is taken right away, and every subsequent month, Splitit will withdraw the monthly instalment amount.
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