Unless someone can state otherwise to the sneef findings in this thread. Gemini seems to have other opinions:
Visa Instalments Solution (VIS) vs. Splitit: Distinct Entities
Visa Instalments Solution (VIS) and Splitit are separate companies offering similar but distinct installment payment services.
Key Differences:
- Business Model: Splitit focuses on leveraging existing credit lines, while VIS often involves partnerships with issuing banks to offer installment options.
- Technology: Both companies likely have their proprietary technology, but VIS is backed by a major payment network (Visa), providing potential advantages in terms of reach and security.
- Market Focus: Splitit might cater to a broader range of merchants, while VIS could have a stronger focus on large retailers and e-commerce platforms due to Visa's extensive network.
Potential for Competition and Collaboration:
Given the growing popularity of installment payments, competition between these companies is likely. However, there's also potential for collaboration, such as integrating Splitit's technology into the VIS platform or offering complementary services.
Have they integrated, Please show me where!
Ultimately, the exact relationship between Visa and Splitit's technology remains speculative without concrete evidence. Sneef
