Malaysia-Listed GHL Partners With Payment Company Splitit

GHL ePayments Co. Ltd., a subsidiary of Malaysia-listed GHL Systems Bhd., has signed a three-year partnership agreement with Sydney-listed payment company Splitit Payments Ltd., the latter announced Monday. As part of the deal, Splitit’s installment payment service will be offered by more than 2,000 online merchants in Malaysia, Thailand, Indonesia, and the Philippines, the company said.

The financial details of the agreement were not disclosed.

Founded in Israel in 2012 and still operating a research and development center in the country, Splitit is headquartered in New York with additional offices in London. The company offers merchants an interest-free service to let their customers spread out payments at checkout into multiple installments, and up to two credit cards.