Splitit Introduces Innovative Partner Program for AI Commerce

Splitit Unveils Partner Program to Enhance AI Commerce

Invite-only initiative embeds card-linked pay-later capabilities into autonomous AI shopping agents using open standards

Splitit, renowned for its embedded card-linked installment services, has launched a new and exclusive partner program aiming to integrate pay-later functionalities directly within Agentic AI—a revolutionary approach to AI-driven commerce. This exciting initiative seeks to expand the capabilities of autonomous shopping agents, which are AI systems designed to browse, recommend, and conduct purchases for both consumers and businesses.

According to Ran Landau, CTO of Splitit, "Agentic AI will fundamentally reshape how consumers and businesses buy," emphasizing the need for seamless payment solutions as integral to the customer experience. The company's goal is clear: to embed payment solutions firmly into the new AI landscape from the outset, ensuring that they are not simply an afterthought.

Transforming the Shopping Experience

As consumer behavior shifts towards generative AI for obtaining recommendations and conducting product research, the need for payment solutions to adapt has never been more critical. Recent data highlights that a significant majority of consumers—53%—plan to utilize AI tools for product research this holiday season, while 40% will seek recommendations. Splitit’s timely launch of this program is designed to support these new shopping habits by facilitating convenient payment options.

Mechanics of the Program

The newly introduced program allows registered AI agents to request installment options in real-time at the point of sale. The payment solutions offered will tap into existing infrastructure such as banks, payment service providers, or partner lenders, allowing consumers to utilize their current credit cards without the need for additional credit lines or cumbersome redirection during checkout.

Not only does this enhance user experience, but it also guarantees that merchants receive their payments upfront. The solution corresponds with emerging industry protocols like Google's AP2 and OpenAI's Agentic Commerce Protocol, ensuring a robust framework for flexibility and interoperability across evolving AI commerce ecosystems.

Future of Payment Integration

With a keen focus on Agentic Commerce, Splitit is spearheading innovation that redefines the interplay between product discovery, decision-making, and payment processes. By embedding payment solutions directly into this novel framework, merchants can maintain brand control and foster trust within their networks.

This initiative is set to gain traction with the official pilot program launching in the upcoming quarter. Merchants, networks, and payment providers are encouraged to express their interest in participating by reaching out for collaboration opportunities.

What Sets Splitit Apart

Splitit stands uniquely in the global market as it empowers consumers to utilize existing credit for flexible installment payments. This model not only enriches the shopping experience but also mitigates risk for merchants while amplifying conversion rates and order values. With a presence in over 100 countries and partnerships with notable brands across various sectors such as retail and technology, Splitit continues to shape the future of payment solutions.

Recently, Splitit has been integrated into Samsung Wallet, showcasing its versatility in adapting to modern retail environments for in-store transactions. The company's vision emphasizes simplicity and transparency in payment options, making it a valuable partner for businesses seeking to enhance customer satisfaction.

About Splitit

Splitit is dedicated to revolutionizing the way consumers engage with payments, offering a straightforward mechanism that turns credit card purchases into manageable installments. By facilitating easy access to installment options, it enriches the customer journey while fostering growth for merchants without incurring additional risk.

Frequently Asked Questions

What is the Splitit Partner Program?

The Splitit Partner Program is an invite-only initiative aimed at integrating pay-later functionalities into AI shopping agents, enhancing autonomous shopping experiences.

How does Splitit’s payment system work?

Splitit's payment system allows AI agents to request installment options during checkout using existing credit or debit cards without requiring additional credit lines.

Who can join the Splitit Partner Program?

The program is open to merchants, networks, and payment providers who are interested in leveraging Splitit’s solutions to enhance their services.

What technologies does Splitit use?

Splitit’s solution is built on open standards such as Google's AP2 and OpenAI's Agentic Commerce Protocol, fostering interoperability across emerging platforms.

Where is Splitit available?

Splitit services are accessible in over 100 countries, facilitating installment payments for a diverse range of leading global brands.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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