{"id":419891,"date":"2021-01-25T03:03:06","date_gmt":"2021-01-25T08:03:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=419891"},"modified":"2021-01-25T03:03:06","modified_gmt":"2021-01-25T08:03:06","slug":"splitit-to-enable-monthly-payment-solutions-across-thgs-beauty-nutrition-and-lifestyle-brands","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/splitit-to-enable-monthly-payment-solutions-across-thgs-beauty-nutrition-and-lifestyle-brands\/","title":{"rendered":"Splitit to Enable Monthly Payment Solutions Across THG\u2019s Beauty, Nutrition and Lifestyle Brands"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Splitit to Enable Monthly Payment Solutions Across THG\u2019s Beauty, Nutrition and Lifestyle Brands<\/b><\/p>\n<p>LONDON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.splitit.com%2F&amp;esheet=52366279&amp;newsitemid=20210125005077&amp;lan=en-US&amp;anchor=Splitit+Payments+Ltd&amp;index=1&amp;md5=80067533b6b92fa2d0484131f5043dec\">Splitit Payments Ltd<\/a> (ASX:SPT), a leading global monthly instalment payment solution, today announced it has partnered with THG plc (THG), a global technology platform that specialises in taking brands direct to consumers, to offer its interest and fee-free monthly payment solution through THG Ingenuity, the Technology Services division of THG.\n<\/p>\n<p>\nSplitit will provide THG\u2019s global customers with the option to pay for purchases using their own credit with no additional fees. Splitit allows consumers to pay in instalments using the credit they already have, giving them complete control of their cash flow. Unlike other solutions, Splitit is not<i \/>consumer financing &#8211; there is no interest, no application, no late fees and consumers get to collect and use their own credit card rewards.\n<\/p>\n<p>\nRetailers that accept SplitIt are providing their customers with an easy and seamless way to pay for purchases, while also realising increased benefits themselves. On average, merchants that accept Splitit have seen an increase in sales and average order value, while also experiencing a decrease in returned purchases.\n<\/p>\n<p>\nTHG Ingenuity is THG\u2019s proprietary, end-to-end technology and operating platform that has enabled the group to successfully build and scale its own global, D2C brands, including Myprotein, Lookfantastic and RY.com.au. THG Ingenuity is partnered with leading retailers across the globe, including Elemis, Lulu Guinness and BWX Ltd.\n<\/p>\n<p>\n\u201cTHG is synonymous with some of the most prestigious brands in the beauty, wellness and luxury industries. This partnership shows how the most forward-thinking e-commerce retailers across the globe are looking for unique and innovative ways to empower and build loyalty with their customers. We look forward to working with THG to help their consumers spend the credit they\u2019ve earned on their own terms,\u201d said Brad Paterson, Splitit CEO.\n<\/p>\n<p>\nJohn Gallemore, CEO of THG Ingenuity, said: \u201cThe agreement with Splitit will add further payment capabilities to our proprietary, end-to-end technology and operating platform THG Ingenuity, and provides our customers with even more payment opportunities to suit their needs.\u201d\n<\/p>\n<p><b>About THG<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.thg.com&amp;esheet=52366279&amp;newsitemid=20210125005077&amp;lan=en-US&amp;anchor=THG&amp;index=2&amp;md5=35668333ab5e5c0347f3fc5e16978dbd\">THG<\/a> is a vertically integrated digital-first consumer brands group, retailing its own brands, in beauty and nutrition plus third-party brands, via its proprietary technology platform to an online and global customer base. THG is powered by THG Ingenuity, its proprietary end-to-end e-commerce technology, infrastructure and brand building platform. <b>THG Ingenuity<\/b>: Provides an end-to-end direct-to-consumer e-commerce solution for consumer brand owners under Software as a Service licences, in addition to stand-alone digital services, including hosting, studio content and translation.\n<\/p>\n<p><b>About Splitit<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.splitit.com%2F&amp;esheet=52366279&amp;newsitemid=20210125005077&amp;lan=en-US&amp;anchor=Splitit&amp;index=3&amp;md5=f7e2eebc41d8432ed714e8b8609a1ffb\">Splitit<\/a> is a payment method solution enabling customers to pay for purchases with an existing credit card by turning the cost into interest and fee-free monthly payments, without additional registrations or applications. Splitit enables merchants to offer their customers an easy way to pay for purchases in monthly instalments with instant approval, decreasing cart abandonment rates and increasing revenue. Serving many of Internet Retailer\u2019s top 500 merchants, Splitit\u2019s global footprint extends to thousands of merchants in countries around the world. Headquartered in New York, Splitit has an R&amp;D center in Israel and offices in London and Australia.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210125005077r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210125005077\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210125005077\/en\/<\/a><\/span><\/p>\n<p><b>US Media Enquiries<br \/>\n<\/b><br \/>Cari Sommer<br \/>\n<br \/>Raise Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@raisecg.com\">info@raisecg.com<br \/>\n<\/a><br \/>+1 646 480 7683\n<\/p>\n<p><b>Australian Media &amp; Investor Enquiries<br \/>\n<\/b><br \/>Catherine Strong<br \/>\n<br \/>Citadel-MAGNUS<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:cstrong@citadelmagnus.com\">cstrong@citadelmagnus.com<br \/>\n<\/a><br \/>+61 2 8234 0111\n<\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Luxury Finance Professional Services Software Networks Cosmetics Retail Online Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Splitit to Enable Monthly Payment Solutions Across THG\u2019s Beauty, Nutrition and Lifestyle Brands LONDON&#8211;(BUSINESS WIRE)&#8211;Splitit Payments Ltd (ASX:SPT), a leading global monthly instalment payment solution, today announced it has partnered with THG plc (THG), a global technology platform that specialises in taking brands direct to consumers, to offer its interest and fee-free monthly payment solution through THG Ingenuity, the Technology Services division of THG. Splitit will provide THG\u2019s global customers with the option to pay for purchases using their own credit with no additional fees. Splitit allows consumers to pay in instalments using the credit they already have, giving them complete control of their cash flow. Unlike other solutions, Splitit is notconsumer financing &#8211; there is no interest, no application, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/splitit-to-enable-monthly-payment-solutions-across-thgs-beauty-nutrition-and-lifestyle-brands\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Splitit to Enable Monthly Payment Solutions Across THG\u2019s Beauty, Nutrition and Lifestyle Brands&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-419891","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Splitit to Enable Monthly Payment Solutions Across THG\u2019s Beauty, Nutrition and Lifestyle Brands - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/splitit-to-enable-monthly-payment-solutions-across-thgs-beauty-nutrition-and-lifestyle-brands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Splitit to Enable Monthly Payment Solutions Across THG\u2019s Beauty, Nutrition and Lifestyle Brands - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Splitit to Enable Monthly Payment Solutions Across THG\u2019s Beauty, Nutrition and Lifestyle Brands LONDON&#8211;(BUSINESS WIRE)&#8211;Splitit Payments Ltd (ASX:SPT), a leading global monthly instalment payment solution, today announced it has partnered with THG plc (THG), a global technology platform that specialises in taking brands direct to consumers, to offer its interest and fee-free monthly payment solution through THG Ingenuity, the Technology Services division of THG. Splitit will provide THG\u2019s global customers with the option to pay for purchases using their own credit with no additional fees. Splitit allows consumers to pay in instalments using the credit they already have, giving them complete control of their cash flow. 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Splitit will provide THG\u2019s global customers with the option to pay for purchases using their own credit with no additional fees. Splitit allows consumers to pay in instalments using the credit they already have, giving them complete control of their cash flow. 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