The present disclosure relates to Installment Solutions (IS limit). Particularly, the present disclosure provides a system and method for splitting the existing card limit of a cardholder into a regular and Installment Solutions (IS limit) and defining plans for IS limit. The method further comprises issuing a virtual sub-PAN for IS limit and push provision to eligible merchant apps; and at the time of checkout, selecting sub-PAN as payment mode by the cardholder, where all transactions under the sub-PAN are aggregated during the billing cycle and split into EMIs based on pre-defined plan.

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Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.