Splitit Payments Ltd. announced its partnership with Stripe. The partnership agreement will see Splitit's solution integrated with Stripe Connect to streamline merchant on boarding and enhance the merchant experience, enabling Splitit to scale significantly faster globally. The integration with Stripe Connect will streamline merchant onboarding, providing technology to enable merchants to self-onboard to Splitit's platform, currently a process that is undertaken manually. This streamlined experience will facilitate the rapid scaling of merchant numbers. The integration will also improve Splitit's funded model process by automating acceptance and movement of money for all funded transactions, and significantly improve the merchant experience including multi-currency support and improved reporting tools. While the terms of the contract are confidential and commercially sensitive, Splitit will pay a small percentage of every transaction processed via Stripe Connect to Stripe. The Stripe contract shall continue until terminated. Splitit may terminate the contract at any time, whereas Stripe may terminate without cause by giving 120 days notice or with cause under customary termination rights relating to unremedied breach of contract, insolvency and reputational risk. Splitit believes the Stripe integration is a significant strategic development in Splitit's product and expects the benefits of the Stripe integration will have a material, positive impact on Splitit's merchant acquisition rate.