According to a report commissioned by Clearpay and produced by Accenture in December 2021, one in every GBP 4 spent on fashion ecommerce, or 25% of fashion purchases in the UK, is now paid with BNPL. Furthermore, in the UK, it is estimated that BNPL will account for 10% of all sales by 2024, when the overall ecommerce market will be worth GBP 280 billion.
Officials from Thunes stated that this partnership is important for them because BNPL solutions are seeing accelerated adoption and consumer demand. Moreover, BNPL solutions also demonstrate potential for their merchants and partners, providing opportunities for revenue growth, customer experience, and overall generate positive economic impact.
Having acquired major Payment Institution Licences in Europe, Singapore, and the UK, Thunes offers global merchants, marketplaces, and payment service providers the flexibility to accept and make cross-border payments with this new BNPL solution. Thunes currently supports 79 currencies, enables payments to 126 countries, and helps to accept 285 payment methods.
For more information about Thunes, please check out the company profile in The Paypers Company Database.
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