Splitit enters Australia via Kogan
Kogan.com will be the first major Australian retailer to offer an instalment payment option from US-based provider, Splitit.
The Splitit payment method, which enables customers to split the cost of a purchase into fee- and interest-free instalments using an existing debit or credit card, is expected to go live on Kogan.com in the coming days.
The partnership with Kogan signals the company’s ambitions in the Asia-Pacific region, according to Splitit chief executive and co-founder Gil Don.
“We are seeing strong interest from major retailers around the world in offering our unique payment solution to their customers, and it is great to have e-commerce platforms such as Kogan.com on board,” Don said.
Ruslan Kogan, founder and chief executive of Kogan, said the business is excited to offer the solution, giving its customers more flexibility in how they pay on the platform.
Kogan currently trades in a retail and marketplace context, as well as offering mobile, internet, insurance, cars, and travel retail, as well as Kogan Money. It is not clear which services will offer the payment solution.
Splitit currently offers its payment platform to more than 500 merchants in 27 countries, such as Vestiaire Collection, SmartBuyGlasses, and Fastionette.