Business
Here’s why the Splitit (ASX:SPT) share price is surging 7% higher today
In early trade on Monday the Splitit Ltd (ASX: SPT) share price is pushing higher.
At the time of writing, the buy now pay later provider’s shares are up 7% to $1.39.
Why is the Splitit share price pushing higher?
Investors have been buying the company’s shares this morning after it announced the signing of an agreement with tech giant Google in Japan.
According to the release, for the first time ever, Google customers will be able to use instalment plans to make purchases from the Google Store in Japan.
In the coming weeks, customers purchasing Google’s new 5G phone, the Pixel 5, or Nest devices from the Google Store, will be able to split their payments into equal monthly instalments.
The Afterpay Ltd (ASX: APT) rival has,…
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