Mastercard and Splitit are teaming up for global expansion - Business Insider

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Teaming up with Mastercard comes at an important time for Splitit, as BNPL firms' performances are booming due to the pandemic

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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