Splitit Payments: Increases MSV by 23pc in March quarter

Splitit Payments Increases MSV by 23pc in March quarter

• Splitit Payments (SPT) achieves US$101 million (A$141.8 million) in merchant sales volume for the March quarter, marking a 23 per cent year-on-year increase
• The payment solutions provider also generated US$2.6 million in revenue and a 43 per cent increase in 12-month active merchants to 1300
• The company also inked a deal with Google for Japanese customers to use instalment plans to make purchases and is in discussions regarding Google’s US customers
• Looking ahead the buy now, pay later (BNPL) company’s focus is on driving the next generation of BNPL for merchants, issuers and networks
• SPT shares are up 11.9 per cent to trade at 23.5 cents