a multiyear deal with Mastercard to expand the reach of its solutions. Splitit will leverage Mastercard's network and technology to enable merchants to offer its solutions both in-store and online, and they'll develop new installment products and related offerings together. The firms plan to pilot the partnership in the UK, Canada, and Australia, and intend to expand their collaboration globally, Splitit CEO Brad Paterson told Business Insider Intelligence.
Mastercard should give Splitit's solutions tremendous reach, building on the firm's existing efforts to boost its distribution. Mastercard's status as one of the card networks globally means it's accepted by millions of merchants around the world, both online and in-store.
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