Splitit announced Telispire, a wholly owned subsidiary of the National Rural Telecommunications Cooperative (NRTC), has selected to integrate Splitit’s Installments-as-a-Service into its PHOENIX state-of-the-art back office and billing system allowing Telispire’s mobile virtual network operator (MVNO) customers to offer installment payments to its subscribers easily.
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As one of the country’s largest technology providers and aggregators for MVNOs, Telispire offers a turn-key mobile telecom service for local and regional operators, utilities, co-ops and cable companies. The growth of 5G and the success of larger operators and cable operators venturing into the MVNO market is driving even greater competition for subscribers.
Telispire has integrated Splitit’s Installments-as-a-Service platform into its technology stack and billing system.
The integration with Splitit means any Telispire MVNO can offer installments to their subscribers for devices and services by turning on the feature through PHOENIX. There is no need to integrate new technology or manage complex third-party lender relationships.
“Our number one goal is our resellers’ success. Splitit’s white-label installments gives us a valuable tool to offer our resellers that puts them on a more equal footing with larger competitors without having to manage the technical integration,” said Telispire COO Craig Andrew. “The growth of 5G has many looking to upgrade devices, giving MVNOs a simple option to offer subscribers a great way to pay over time without the complexity of traditional financing options.”
“We are excited to partner with a leading mobile telecommunications and device market platform. The large ticket size perfectly matches Splitit’s flexible installment platform. Consumers can easily spread the cost of their devices or services over time without additional interest or hidden fees,” said Splitit CEO Nandan Sheth. “Telispire is truly empowering innovative mobile retailers with a turn-key platform that will have embedded installment services via Splitit. Their clients will have zero implementation burden, and Splitit benefits from distribution to many fast-growing retailers through a single connection to PHOENIX.”