New strategic partnership provides entry into rapidly growing UAE and Saudi markets, estimated to be US$7 billion and US$11 billion in market size respectively ● Expansion of technology to provide white-label offeringaccelerates growth opportunities and broadens future revenue streams ● Demonstrates complementary nature of Splitit solution in offering a credit card-based BNPL alternative for higher-value purchases
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“Having expanded our platform capability, we can now also offer white-label solutions as a way to enter new regions such as the Middle East by partnering with established players that already have a strong market presence. While we remain focused on further penetration of Splitit’s branded product in the US, APAC and Europe, this provides a new low-cost, high-margin revenue stream which we can easily emulate in other markets,” added Mr. Paterson.
But agree the precise percentage is not stated and never has been.
