The Instalment plan of AMEX will in fact compliment splitit. The plan is activated post debit of instalment by splitit and the plan is created before the due date of payment. The user has to pay less interest on their balance with the credit card. Income of the Banks will further go down and the customer will have a relief on interest payment on the total outstanding amount and will be paying interest on the instalments only.
SPT Price at posting:
$1.51 Sentiment: Buy Disclosure: Held