Australia's Splitit jumps on partnership with Visa for instalment services

Splitit

05/05/2023 01:58

** Payments firm Splitit Ltd  SPT.AX  jumps as much as 13%
to A$0.130, its biggest intraday pct jump since Jan 23
    ** Co says signed a two-year partnership with the world's
largest payments processor, Visa Inc  V.N 
    ** Partnership to pilot a single point solution for buyers
and merchants to avail Visa's instalment plans
    ** Says launch planned in 2H23 in select markets
    ** SPT stock at its highest level since May 1
    ** More than 820,000 shares change hands vs the 30-day
average of 740,000 shares
    ** SPT down 28.1% this year, as of last close

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))