Splitit shares jumped almost 9 per cent on Monday after the buy now, pay later player announced it had partnered with Google Japan to allow customers to pay for new mobile phones via monthly instalments.
Splitit chief executive Brad Paterson said the deal would provide an important case study of its offering, which differs from other buy now, pay later companies in that it does not extend credit to fund purchases.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
