How It Works

Turn a credit card charge into monthly installments

Float converts any Visa or Mastercard transaction into a structured, 0% interest installment plan — no new credit application, no merchant integration required.

The problem

20-22% revolving interest on purchases you cannot pay in full

South African credit card holders who carry a revolving balance on purchases above R2,000 pay 20-22% annualized interest. On a R10,000 home appliance purchase over 6 months, that is R1,000-R1,200 in interest charges. Float makes that cost zero.

The process

Four steps from statement to installment

Connect your card

Sign in securely with your existing Visa or Mastercard account. Float connects via open banking — FinFlux or Stitch — and reads your current statement period.

Select a transaction

Float shows your eligible transactions — any purchase above R500 from the current statement period, up to 30 days old. Select one or more to split.

Choose 3, 6, 12, or 24 months

Float calculates the exact monthly amount at 0% interest before you confirm. No variable fees, no penalties for on-time payments.

Authorize via DebiCheck

Confirm the debit mandate in your mobile banking app. Debits begin the following month and you receive a WhatsApp reminder 3 days before each collection.

Features

Everything Float includes

Split-from-Statement

0% Interest Installment Splitting

Split any credit card purchase from R500 into 3, 6, 12, or 24 equal monthly installments at zero interest. The merchant pays Float a facilitation fee — the 0% cost is fully absorbed, with no charges passed to you.

WhatsApp-First

WhatsApp-First Notifications

Upcoming payment reminders, plan summaries, and installment confirmations arrive on WhatsApp — 90%+ penetration in South Africa means you see them. No app install required. You can also query your next payment date via WhatsApp message.

Authenticated Debit

DebiCheck Authenticated Debit Orders

Float uses South Africa's DebiCheck authenticated debit system. You confirm the exact amount and cadence in your mobile banking app before the first collection — creating a confirmed, consumer-approved mandate that banks recognize in dispute adjudication.

Multi-Plan Dashboard

All active plans, one view

Your Float dashboard shows all active installment plans: current month's total debit obligation, per-plan remaining balance, next payment date, and percentage complete. Float alerts you when your total monthly commitment across all plans exceeds a configurable threshold.