Visa has developed installment solutions

Visa has released capabilities on Visa Developer Portal to allow clients to develop and pilot installment experiences to offer to their customers.*

Introduction to installment payments

Installment payments (installments) refer to the option to pay for purchases over time by dividing the purchase amount into smaller equal payments. Consumers will typically use installments to buy medium and large ticket items (e.g. electronics, furniture). But in some markets, they may even use them to make everyday purchases (e.g. groceries, retail). So, what’s the key benefit for consumers with installments? They get to spread their purchases, including transparent fees, into periodic (usually monthly) repayment amounts.
Donut chart showing 1 out of 4 payments.
Donut chart showing 2 out of 4 payments.
Donut chart showing 3 out of 4 payments.
Donut chart showing 4 out of 4 payments.

Common installment payments models

There are three primary models in the global installment payments landscape: Pre-Purchase, During Purchase and Post-Purchase. These models differ by when the consumer is offered installments, who presents the installment payments plan, and who pays for the cost of providing credit.*
Illustration of a paper and a pencil.
Visa card circled with reverse arrows.
Illustration of calendar with check mark.

Visa’s installment solution can provide benefits for all parties in the ecosystem

Icon of a person and a credit card in the bottom


Increase payment options on existing cards in wallet
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Help increase sales volume and conversion rates
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Financial institution

Help increase cardholder engagement and loyalty with new revenue stream


Help protect against volume erosion; new value added service for merchant offering

Installments is a large and growing opportunity

Globally, installments represented $1.6T in market value in 2020. And it’s growing quickly - up 5% YoY. In contrast, credit card expenditure declined by 4% globally.
Growth in installments in different sectors. See the detailed image description.
Globally, installments represented $1.6T in market value in 2020. This is comprised of 38% credit cards, 27% fintech loans, 20% traceable personal loans, 12% durables lending, and 3% store cards.

For more information on Visa Installment, visit the link below