Samsung Wallet has introduced a new in-store installment payment feature in collaboration with Splitit. The partnership will allow users to divide purchases into smaller, manageable payments directly at the point of sale without requiring additional credit applications or checks. This integration leverages existing Visa or Mastercard credit lines, which means that there will be no need for new approvals.

The Samsung Wallet x Splitit in-store installment payment feature will allow financial flexibility with bi-weekly or monthly installments. According to industry research, card-linked installment plans like this have demonstrated higher customer satisfaction compared to conventional buy-now-pay-later models.

The service is initially available in select U.S. states for Samsung Galaxy smartphone users. This includes the company’s latest foldable phones.

Image Credit: Samsung Wallet