GLOSSARY: Split payments
Glossary > Split payments
What does ‘Split payments’ refer to in consumer finance?
‘Split payments’ in the field of consumer finance refers to the action of applying installment payments to credit or possibly debit card. This involves the cost of the purchase going onto the credit card at the point of purchase, with fixed monthly payments being paid by the customer.
The concept has been popular in countries like Brazil and Israel but is relatively new in the US, although it has been gaining traction through Splitit, a consumer finance platform that applies installment payments to most credit cards.
This method of installment payments differs from that on offer by solutions such as Jifiti’s, where a separate credit line to your usual credit card is utilized and doesn’t even require a credit card which is important since only one in three millennials own a credit card.

Looking to implement POS financing?
Speak to one of our experts
Consumer Finance Application
Consumer Finance Application
A WORLD-CLASS
POS FINANCING SOLUTION
BY A WORLD-CLASS LENDER

Project Timeline: Lightening Fast
Timing is everything. Combining Jifiti's zero-integration and self-service onboarding platform, going live with a merchant has never been easier or quicker.
Take a look for yourself.
ABOUT US
Jifiti is redefining retail experiences
with unparalleled data & technology.
Our proprietary consumer finance & gifting solutions bridge the gap between retailers, lenders, and consumers.
We offer retailers a Zero-Integration POS financing, and end to end retail gifting solutions (Gift registry, eCommerce gift checkout, First party gift card solutions).
WE'RE HERE
401 W Town Street, Columbus, OH, 43215
1811 Silverside RD, Wilmington, DE, 198104345
Consumer Finance Application
Consumer Finance Application
A WORLD-CLASS
POS FINANCING SOLUTION
BY A WORLD-CLASS LENDER

Project Timeline: Lightening Fast
Timing is everything. Combining Jifiti's zero-integration and self-service onboarding platform, going live with a merchant has never been easier or quicker.
Take a look for yourself.