With Visa’s payment installment solutions, financial institutions and merchants can make shopping simpler and more flexible
Issuer and merchant pilot programs in U.S. will offer customers installment payment capabilities with their current Visa cards.
Nearly three in four credit cardholders in the U.S. believe paying for things with installments is helpful for budgeting and seventy percent say the arrangement helps alleviate the stress of large purchases[1].
That’s why Visa is introducing a suite of installment solutions APIs that enable participating financial institutions and merchants to provide their customers with installment purchase options, for both in-store and online purchases. The idea? Give shoppers a more flexible way to pay using the Visa cards already in their wallets, with the option to divide their total purchase amount into smaller, equal payments over a defined time[2]. Watch this video to learn more.
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