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Visa to let merchants offer instalment plans to cardholders

Visa unveils instalment payment capabilities to give shoppers simple and flexible way to pay — Visa — “Visa’s instalment capabilities are changing the game by allowing issuers to leverage an existing payment account consumers already have and are familiar with, instead of asking them to submit to a credit check, download an app or open another line of credit,” said Sam Shrauger, senior vice president, global head of issuer and consumer solutions, Visa. “We expect instalments to become a foundational method of payment at checkout for both domestic and cross-border commerce payment transactions.”