Splitit Launches World Mastercard Offering for Mid-Sized Banks and Credit Unions
Splitit has announced the upcoming launch of its Splitit World Mastercard, designed specifically for mid-sized banks and credit unions. The card integrates installment payment options into everyday spending under a financial institution's own brand. Cardholders can set thresholds in an app to automatically split larger purchases into monthly installments while retaining control over their payments. The offering combines Splitit’s installment technology with Mastercard’s global infrastructure, allowing participating banks and credit unions to expand their services without building new lending systems from scratch. The card is expected to be available by early 2027. It aims to help smaller financial institutions compete more effectively for customers' everyday spending while maintaining responsible lending practices. Splitit CEO Nandan Sheth emphasized the product’s simplicity and flexibility, positioning it as a hybrid between debit-like control and installment-based convenience.
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Topics: banking_partnerships credit_cards installment_payments
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