New Financing Solution by Oney

Oney recently launched a new lending service for specific projects, with repayments spreading over 5 to 60 instalments depending on the brands and amounts of up to €21,500.

Following a test phase with several partner brands (Alltricks, Samsung and Mister Menuiserie, for instance), this long-term credit service would be made available by the end of the year with 20 partner websites. It should apply to in-store payments later on.
Application process:
- Subscription via a full-digital form,
- Supporting documents uploaded very quickly,
- Digital signing via OTP SMS (one-time-use random password),
- Approval sent within an hour.

Expanding the range of payment solutions for e-merchants. With this new offer, Oney further stresses their leading position on the European market for applying instalments to e-purchases. This leadership was already made clear by their 3x 4x Oney solution.
Meeting their customers’ financing needs. With this long-term online financing solution, Oney features more options for merchants, along with more flexibility and simplicity for purchasers trying to manage their budget.
This launch might also help sellers win customers’ trust and increase average shopping cart amounts as well as their revenue.

The 3x 4x Oney instalment option has been their core offer for several years. In 2018, it allowed nearly 8 million consumers to afford €2.5 billion in projects.
Most retail sector players (home furnishing, leisure, equipment, etc.) opted for this solution. Oney relies on this expertise for their new developments. This strategy also applies to other markets: they recently aimed for Portugal.
This launch further stresses their profitability as they were partly bought out by BPCE earlier this year.

Category : Alertes quotidiennes