Trust Bank has launched a new Visa-powered instalment feature that lets credit card users split eligible purchases into monthly payments at checkout.
The service allows customers to spread payments when they check out at participating merchants, including Courts, iStudio, selected Samsung Experience Stores and the Samsung Online Store.
It is available only on main Trust credit cards and applies to transactions of at least S$100 or the minimum set by the retailer.
Debit card and supplementary credit card transactions are not eligible, and Link cards must be paired to a Trust credit card account.
The feature builds on Trust’s existing lending products, which include Instant Loan, Balance Transfer and Split Purchase.
Instant Loan, launched in 2023, offers a quick application process in the Trust app, while the other products continue to support customers seeking short-term repayment options.
Customers may receive S$80 off for every S$1,000 spent using the instalment option at Courts, iStudio and selected Samsung Experience Stores or the Samsung Online Store until 31 December 2025, subject to merchant conditions.
Customers can select the instalment plan online when the Visa option appears at checkout or choose it in store after tapping their Trust credit card at the payment terminal.
Confirmations are sent through the Trust app.
Dwaipayan Sadhu, CEO of Trust Bank, said,
“Our collaboration with Visa to introduce Trust Visa Instalments is a big step forward in delivering flexibility and simplicity at checkout, whether in-store or online.
With zero fees, interest-free payments, and the ability to spread costs over 3, 6, 9, or 12 months at leading retailers, we’re empowering customers to enjoy the things that matter most without compromising on financial control.”
Adeline Kim, Country Manager for Singapore and Brunei at Visa, said,
“In the past year, we have seen total spend on Visa Instalment Solutions across Asia Pacific triple, and total transactions more than double – a testament that more shoppers want to pay using this solution.
Our partnership with Trust Bank marks an exciting expansion of this solution, making seamless instalment payments more accessible to our consumers.”
Featured image: Edited by Fintech News Singapore, based on image by Freepik
