*Availability is subject to factors outside of Visa’s control, including participation by issuers, acquirers and merchants.
Visa has developed instalment solutions
Introduction to instalment payments
The following example shows how instalment payments work for a large-ticket purchase of $800 paid for over 4 months, 0% fees:

Paid $200
First instalment

Paid $200
Second instalment

Paid $200
Third instalment

Paid $200
Fourth instalment
Common instalment payments models
*Financial institutions are solely responsible for their own instalments programmes.
During purchase
Consumer prompted at merchant check out to pay in instalments
Post-purchase
Consumer converts a recent card transaction into instalments
Create plan
API for issuers to create instalment plans. Issuers to define plan attributes such as:
- Duration of instalment loan
- Participating merchant and cards
- Interest and fees
Check eligibility
API for acquirers, technology platforms and merchant to look up eligible instalment plan(s) for an instalment transaction. Merchant can display eligible instalment plans and costs to a cardholder during purchases.
Select plan
API for merchant to confirm the cardholder selected instalment plan for a given transaction.
Convert plan
API for issuers to convert the original transaction into an instalment plan.
Schedule plan
API for issuers to schedule payments of instalment transactions. The service will look up cardholder status and calculate monthly instalment payments due, so that issuers can manage general ledger and post to cardholder statement correctly.
Visa’s instalment solution can provide benefits to all parties in the ecosystem
Note: depicts conceptual vision in development; features, functionality and availability are subject to change. Issuer is solely responsible for its own instalments programme.
Instalments are a large and growing opportunity

Global instalments market size
Note: 2020 global instalments market size ($1.6 trillion) excludes $1.02 trillion in untraceable instalments volume (e.g., “debt consolidation”). Growth in global instalments and credit cards shown as year-over-year increase in payments volume in 2019 vs 2018.
Source: Visa-commissioned study performed by Euromonitor September 2021