Oney partners with e-retailers leading the circular market in Europe to offer consumers split payment in 3 or 4 times with no fees from November 26 to December 6 for more responsible purchases
- Oney supports European consumers as they look for more responsible options for end of year holiday purchases and asserts its position as a committed partner in the circular economy transformation
- Launched with partners in different sectors of the circular economy in 5 countries across Europe (France, Portugal, Romania, Italy and Belgium), consumers will benefit from the possibility to pay in 3 or 4 times without fees when buying responsible goods
- In Europe, one in two consumers has already made a purchase on the circular market and one in three says he is ready to do it again
Croix, November 18th 2021 – From November 26 to December 6, Oney, expert in payment solutions, consumer credit and financial services, and one of the leaders of split payment in Europe, launches the first Win-Win Week initiative with European partners in the circular economy, offering consumers the opportunity to make their online purchases using split payment in 3 or 4 times without fees for responsible goods.
This initiative follows the launch of the first European Observatory of Circular Consumption by Oney in October 2021 and affirms Oney’s ambition to support retailers and consumers as they transition to more circular, responsible consumption. Indeed, as demand continues to drive the circular market growth, consumers are increasingly conscious of the environmental and societal impact of their consumption. With the end of the year being synonymous with gift offering and extra spending, Oney’s Win Win Week supports both retailers and consumers making it easier to navigate the period, encouraging and enabling better budget management.
Split payment options provide European consumers with more flexible payment options and gives them greater control of their budget. 60% of Europeans have already used split payment options and up to 19% of consumers are using split pay options monthly. (Oney/OpinionWay May 2019)
A win-win partnership for partners, clients and the planet
Today, 60% of European consumers are looking for greater access or new offers to reach circular markets. With our Win-Win Week, we can support our customers in their end of year spending in a way that’s beneficial for both their pocketbooks and the planet, and we are supporting key players in the circular economy that are looking to accelerate their models and their impact.
Mylène Engelspach, Oney Group Transformation, Commmunication and CSR Director
The European Observatory of Circular Consumption revealed that while one in three European consumers is ready to make more purchases within the circular economy, 56% also said they would be more inclined to buy more if split or alternative payment options were available.
The Win-Win Week partnerships will take place in 5 countries across different sectors in the circular economy with the greatest demand: tech, clothing and accessories and home decoration and furniture.
The participating brands in this year’s inaugural partnership:
- France: Selency (furniture and home decor), Oscaro Power (solar panels), Ma Garantie 5 Ans (appliances)
- Belgium: Showroom Privé (online flash sales)
- Italy: Noovoo (tech), Joojea (smartphones), Norauto (automobile equipment)
- Portugal: Norauto, Leroy Merlin (home and hardware)
- Romania: Flanco (tech and appliances), Elefant (culture – books and toys)
In 2020, Oney experienced a 67% increase in production among actors in the circular economy. Today, we partner with more than 20 companies across Europe who are responding directly to the growing awareness from consumers on the impact of their spending habits. With Win-Win Week, we are supporting our partners in going further in the development of the circular movement.
Jean-Pierre Viboud, CEO of Oney
Oney’s Purpose: partner of transformation of commerce, Oney gives everyone the power to improve their daily lives and consume better
Since its creation, Oney operates in respect of its customers, partners, employees and the environment. The company has adopted a strategic roadmap towards a fair, human-centric and sustainable future, based on four strategic pillars:
- Promoting of better consumption for all
- Reducing our carbon footprint and respect of the Paris Agreement for the climate
- Ensuring the employability of Oney team members and encouraging their personal professional development
- Leveraging our digital transformation to strengthen our client relations.