Highnote and Splitit Join Forces to Revolutionize Seamless Installment Payments in Digital Wallets
Highnote, a prominent player in the modern card issuance sector, is making waves with its latest partnership with Splitit, a leading white-label installment payment solution. This collaboration is set to revolutionize online shopping by integrating Splitit’s payment options with digital wallets, offering consumers enhanced flexibility at checkout.
Innovative Partnership to Streamline Payments
The partnership between Highnote and Splitit aims to improve the shopping experience by allowing consumers to utilize existing credit cards for payment. According to FF News, this integration marks the first time Splitit’s payment solution will be accessible through digital wallets, enabling smoother transactions for shoppers.
Key Benefits of the Collaboration
- Real-time Payments: Splitit plans to leverage Highnote’s tokenized virtual card technology for immediate merchant payments.
- Seamless Access: Consumers can easily access Splitit’s embedded installment payment options via their digital wallets.
- No Additional Credit Checks: Unlike traditional buy now, pay later (BNPL) services, Splitit relies on existing credit lines without requiring new approvals.
About Highnote and Splitit
Highnote specializes in modern card issuance and provides a robust payments infrastructure known for its security and scalability. Their platform features:
- Tokenization
- Virtual card capabilities
- Collaborative authorization
Splitit, on the other hand, offers a unique installment payment solution that allows merchants to provide flexible payment options directly linked to consumers’ existing credit. This model fosters a frictionless pay-over-time experience, both in digital wallets and at checkout.
CEO Insights on the Partnership
Nandan Sheth, CEO of Splitit, expressed excitement about the collaboration, stating, “After an extensive review, it is evident that Highnote’s platform delivers the flexibility, scalability, and security necessary to enhance our payment offerings.” He emphasized the aim of providing shoppers with a seamless method to make payments over time.
John MacIlwaine, CEO of Highnote, also commented on the partnership, noting, “We’re excited to work with Splitit to create an optimal card-linked installment solution for digital wallets. This collaboration aligns with our mission to empower market leaders by offering modern payment solutions that enhance consumer experiences.”
For more information about Highnote and Splitit, visit their official websites to explore how their innovative solutions can enhance your payment experience.
