Visa Inc. has announced a new collaboration with Amazon that will provide Canadian consumers with more choice at checkout. When shopping online on Amazon.ca or on the Amazon app, eligible RBC and Scotiabank credit cardholders will now have the option to select Installments enabled by Visa as their method of payment for qualifying purchases. This convenient payment option is now available and enables eligible consumers to convert their purchases into smaller, fixed payments made over a defined period.

Installments are gaining momentum in Canada as a preferred payment method among consumers. According to Visa research, more than half of Canadians (58%) are interested in using installments and it is projected that by 2026, this payment method is expected to account for nearly one-quarter of all global e-commerce transactions. Installments enabled by Visa provides issuers, processors, and merchants with a better payment option to meet customers where they are.

Together, Visa and Amazon are working to bring this payment option to more consumers around the world.