London UK, 17 December 2020 – Leading Connected Payments provider, Checkout.com today announces its appointment as payments provider to THG, a global technology platform company, specialising in taking brands direct to consumers.
Checkout.com will power online payments for THG’s leading brands including MyProtein, Lookfantastic, Glossybox, Coggles, AllSole and over 200+ other eCommerce sites in the THG portfolio. The selection of Checkout.com comes after a comprehensive review of the market and sees THG leverage Checkout.com’s unified digital payments platform, offering global coverage, and granular transaction-level data to fuel business growth.
The British businesses will also work together to offer a connected, end-to-end eCommerce proposition to support retailers adapting to the boom in digital commerce. THG Ingenuity provides an end-to-end direct-to-consumer eCommerce solution for consumer brand owners under Software as a Service licenses, in addition to stand-alone digital services, including hosting, studio content and translation. The solution, paired with Checkout.com’s SaaS payment processing, is used by many brands around the world including Nintendo, Nestle and Elemis as their direct to consumer proposition. Checkout.com will enhance this offering, through seamless integration to its digital payments platform, with local acquiring in all major markets, the ability to pay in over 150 different currencies with all popular payment methods and the most comprehensive data and reporting suite on the market. Brands can leverage Checkout.com’s proprietary cloud-based technology to drive the best acceptance rates and reduce declined transactions and fight chargebacks to drive more revenue growth.
John Gallemore, CFO of The Hut Group and CEO of THG Ingenuity said: “The partnership with Checkout.com comes at an important time in the eCommerce landscape, with an increasing number of brands expanding their D2C presence. This collaboration will support THG brands and THG Ingenuity clients with their global growth strategies and adds further payment capabilities to our proprietary, end-to-end technology and operating platform, providing our customers with even more payment opportunities to suit their needs.”
Guillaume Pousaz, Founder & CEO Checkout.com said: “In another year of phenomenal growth for our business, I’m pleased to announce that THG has selected Checkout.com as a global payments partner. THG’s large portfolio of consumer brands and its THG Ingenuity solution will plug into our connected payments platform, unlocking new revenue streams through payment optimisation. It’s yet another validation of our technology, which continues to drive the best performance on the market for merchants.”
Checkout.com’s proprietary modular technology offers enterprise businesses seamless and reliable global payment processing. The business offers direct access to domestic acquiring across payment methods and geographies. This is achieved through a single, unified integrated platform that gives enterprise businesses top performance and more control through advanced data features, fraud management tools, and comprehensive reporting.
*ENDS*
Press contacts:
Checkout.com press contacts: Oliver Sonenfield, [email protected], 02073312333
About THG
THG (www.thg.com) 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. THG's business is operated through the following businesses:
THG Ingenuity: 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.
About Checkout.com
Checkout.com empowers businesses to adapt, innovate, and thrive with the connected payments they deserve. The company’s technology makes payments seamless. Flexible solutions, granular data, and instant insights help global enterprises launch new products in new markets and create outstanding customer experiences. They provide the fastest, most reliable payments in more than 150 currencies, with in-country acquiring, world-class fraud filters and reporting, through one API. And they can accept all major international credit and debit cards, as well as popular alternative and local payment methods. Checkout.com launched in 2012 and now has a team of 950 people across 14 offices worldwide, offering local expertise where it’s needed. Find out more at www.checkout.com
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