Openpay announces The Hut Group partnership

Buy now. pay later specialist Openpay has landed a three-year deal with The Hut Group.

Openpay will be integrated into the online retailer’s Ingenuity platform in the UK and Australia.

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Openpay CEO, Michael Eidel, comments:: “We are delighted to have secured this partnership with a landmark international retailer, which builds on the strong growth we have reported in the UK market over recent quarters.”

“In line with our stated strategy to drive both international and local growth, this deal also reinforces our strong position in the Australian retail vertical.”

Matthew Moulding, Founder and CEO, The Hut Group, says: “The agreement will add further payment capabilities to our end-to-end e-commerce platform Ingenuity, and deliver additional payment opportunities for the benefit of our consumers.”

The partnership is set to launch in the UK in Q2 FY21 and in Australia in Q2 FY22.