Samsung has revealed a partnership with Splitit to launch a convenient installment payment feature via Samsung Wallet. This innovative option enables users to divide in-store payments into manageable installments right at checkout. The feature is presently offered in 21 states and Washington D.C., with a comprehensive rollout across the U.S. anticipated by late 2025.
The installment payment feature is seamlessly integrated into Samsung Wallet, allowing users to opt for split payments alongside their regular card selections. It is compatible with existing Visa and Mastercard accounts, negating the need for a credit check or new financing arrangements. When processing an in-store payment, users will notice a “Pay in installments” option displayed next to their eligible cards. Post-checkout, they can choose a Splitit plan that aligns with their budget, with all transactions monitored within Samsung Wallet.
Users have the option to select from four payment plans: six or eight biweekly payments, or six or nine monthly payments. If a decision is not made within 24 hours, the total amount will be charged. This feature enhances Samsung’s Tap to Transfer, providing an additional payment option without requiring a new account or credit check.
Samsung’s strategy emphasizes in-store transactions, distinguishing it from many “buy now, pay later” services aimed at online shopping. This initiative is in line with a rising trend of incorporating payment plans into digital wallets, similar to Google’s collaborations with Affirm, Zip, Afterpay, and Klarna for Google Wallet. Samsung’s move heightens competition within the mobile wallet sector, offering users increased flexibility in payment options for in-store purchases.
