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Company News
Splitit Payments to delist from ASX and re-establish as private company in Cayman Islands
Global consumer finance provider Splitit Payments (ASX: SPT) has confirmed it will delist from the Australian Stock Exchange and re-establish itself as a new entity in the Cayman Islands. The move will be funded by a proposed US$50 million investment by private equity firm Motive Partners and executed via a two-tranche placement at US$0.20 per […]
Splitit and Alipay partner to offer ‘pay after delivery’ on AliExpress
One of the biggest online and mobile payment platforms in the world, Alipay, has announced a strategic alliance with Splitit Payments (ASX: SPT). As a result of the partnership, AliExpress, a global eCommerce marketplace owned by the Alibaba Group, will now offer customers a ’Pay After Delivery’ option, which will be powered by Splitit. With […]
PayPal enters Australian buy now, pay later space
Global online payment giant PayPal is joining the Australian buy now pay later (BNPL) market, going up against local rival Afterpay (ASX: APT) with the launch of its ‘Pay in 4’ credit platform. In an announcement on Wednesday, the Nasdaq-listed giant said its BNPL solution will be available to its 9 million Australian customers in […]
Should ASX investors succumb to the Buy Now, Pay Later FOMO?
As with the coronavirus, the buy now, pay later (BNPL) sector was expected to have fizzled out by now. Instead, it’s stepped up another level in terms of revenue usage trends and valuations. Among investors, fear of missing out (FOMO) is rife as the BNPL contagion continues to displace the role of credit cards in […]
Searching for value in the ASX-listed Buy Now Pay Later sector
Amid the US-led tech sell off, the ASX-listed Buy Now Pay Later (BNPL) sector has had a decent touch-up, with valuations as much as 40% down on their recent peak levels. Is it enough to quell what many investment experts view as a clear case of irrational exuberance? The near-term price graphs tell only half […]
QuickFee and Splitit join forces to court US professional services market
The professional services market in Australia is set to receive a greater range of funding options “in the coming weeks” courtesy of a new partnership between payment and lending company QuickFee (ASX: QFE) and payment solutions provider Splitit Payments (ASX: SPT). The deal means QuickFee will launch its new interest-free service in the US and […]
Splitit Payments posts record sales and revenue on the back of COVID-19
Yet another indirect beneficiary of coronavirus, instalment payments company Splitit Payments (ASX: SPT) has published record performance figures for the second quarter of this year – declaring it had experienced “accelerated consumer growth”. The company reported that its growth accelerated across all of its key performance indicators during the June quarter including strong surges in […]
Splitit partners with Mastercard to upscale instalment payment solutions
Splitit Payments (ASX: SPT) has signed a multi-year agreement with Mastercard in a bid to accelerate the adoption of its payment instalment solution globally. The agreement will see Splitit and Mastercard collaborate to integrate Splitit’s instalment payment service with Mastercard’s technology as a network partner, enabling merchants to create more engaging consumer experiences at checkout, […]
Buy Now Pay Later stocks rally to new highs
Buy Now Pay Later (BNPL) stocks were subject to an investment frenzy this week with major and mid-tier BNPL companies enjoying the upward ride. It was a wild ride for BNPL heavy-weight Afterpay (ASX: APT), which hit an all-time high of $53.81 on Thursday, closing at $50.61 per share on Friday, up 8.77% for the […]
Splitit Payments posts record May performance underpinned by growing shift to e-commerce
Global instalment payments solution business Splitit Payments (ASX: SPT) has posted record sales volumes for the month of May, citing a growing shift to e-commerce and the onboarding of larger merchants during the year to date. The company delivered merchant sales volumes of $37.35 million for May ($448.78 million annualised), reflecting growth of 321% on […]