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SPT - Splitit Payments

Discussion in 'Stocks Q-Z' started by System, Dec 27, 2018.

  1. System

    System Administrator

    Likes Received:
    Jun 27, 2010
    Splitit Payments is a technology company providing a cross-border credit card based instalment solution to businesses and retailers. The Company provides a payment service that can be fully integrated into a merchant's payment system. The Splitit payment platform was launched in 2016 and seeks to:
    • target worldwide retail markets with a focus on online credit card sales;
    • enable merchants to offer end-customers instalment based payment options without requiring customers to complete a credit application or qualify for a new credit line;
    • provide merchants with a tool to increase sales, increase average order values and reduce cart/checkout abandonment; and
    • provide customers with the ability to "buy now and pay later" by utilising their existing credit card, without incurring interest, late fees or other fees.
    It is anticipated that SPT will list on the ASX during February 2019.


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