NEW YORK—In what may be another take on buy now, pay later (BNPL), Splitit and Alipay have formed a partnership to drive a “Pay After Delivery” option for shoppers on AliExpress.
Splitit's technology platform, coupled with Checkout.com's payment-acquiring capabilities, enables AliExpress shoppers to pay after delivery with their existing credit card, Benzinga reported.
Under the Splitit-Alipay partnership, a hold will be put on shoppers' credit cards when they make purchases on AliExpress, the report explained.
For major European cities, such as Paris and Madrid, goods could be delivered in 10 working days. Average delivery times are 15 to 20 days for remote areas in Europe.
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