Buy now, pay later credit provider Zip has entered into a partnership with THG which will allow customers shopping across its sites to access an interest-free payment facility which is spread over four instalments.
The Zip payment option will be offered THG’s sites including LookFantastic, Myprotein and Zavvi in the UK, US, Australia and New Zealand. Zip will also integrate with THG Ingenuity, allowing the growing number of brands that are using the platform for their own direct-to-consumer sales to offer Zip’s interest-free payment option.
John Gallemore, CEO of THG Ingenuity, said: “Our collaboration with Zip allows us to further expand the payment options that we offer THG Ingenuity clients and THG’s own brands, ultimately giving greater choice and flexibility to consumers anywhere in the world.”
Zip was founded in Sydney in 2013 and is believed to be one of the fastest-growing buy now, pay later platforms in the world with more than 6.4 million Zip customers globally.
Anthony Drury, Zip UK managing director, says: “We’re growing rapidly in the UK and our partnership with THG only confirms our intention. There is an increasing appetite among retailers to embed BNPL payment domestically and internationally. Our flexible products are accessible across many retail sectors from fashion, health & beauty and groceries to homeware, entertainment, sport and travel.”
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