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.
