Core Insights - DXC Technology and Splitit have formed a strategic collaboration to enable banks to offer card-linked installment plans to their account holders, enhancing checkout flexibility and consumer trust [1][2][3] - The partnership aims to help banks regain market share lost to Buy Now, Pay Later (BNPL) providers by integrating installment capabilities directly into existing bank accounts and debit cards [2][3] Company Overview - DXC Technology is a leading global provider of information technology services, managing over 300 million accounts and $5 trillion in deposits across more than 40 major banks through its Hogan core banking platform [1][4] - Splitit specializes in embedded card-linked installment payments, allowing consumers to use existing credit for flexible payment options, and is operational in over 100 countries [6] Market Dynamics - The installment payment solution market is projected to grow from $2.23 billion in 2024 to $3.44 billion by 2031, with a compound annual growth rate (CAGR) of 6.4% [3] - Research indicates that 72% of merchants prefer card-linked installments due to their simplicity and reach, which positions the partnership favorably in the market [3] Strategic Benefits - The collaboration allows banks to quickly deploy branded installment offers without requiring third-party accounts or new loan applications, thus maintaining control over customer relationships [4] - By enabling debit-first lending, the partnership targets a broader customer base, particularly among Gen Z and millennial consumers who prefer debit cards but seek flexible payment options [3][4]