The new flexible online finance solution powered by humm will be especially valuable for Ecommpay offerings in travel and high-value retail sectors.
Ecommpay, a global payments platform known for its inclusive and innovative payment solutions, has announced a new partnership with humm, a finance provider specializing in flexible “Buy Now, Pay Later” (BNPL) services.
The collaboration aims to make higher-value purchases, such as travel bookings, electronics, or home furnishings, more accessible to consumers through convenient installment plans.
While BNPL has already become a mainstream payment option for smaller purchases in the UK (typically under £500), many merchants in sectors like Travel, Furniture, Jewellery, Sporting Goods, and Electronics still face challenges offering flexible financing for larger transactions. The new partnership between Ecommpay and humm seeks to close this gap.
Through the integration, merchants in the UK and Ireland using Ecommpay can now offer customers finance options of up to £3,000, powered by humm’s credit services. Importantly, humm’s installment plans include longer repayment periods than most traditional BNPL models, providing a responsible and manageable alternative in today’s challenging economic environment. This not only helps shoppers spread out their payments more easily and flexibly but also allows businesses to receive the full high-value transaction amount upfront, significantly improving cash flow and reducing financial risks.
“There is a clear market opportunity to offer the flexibility of BNPL in the higher value goods sector, for everything from holidays to home improvements. Our new partnership with humm enables these businesses to help their customers spread the cost of their purchase, while also boosting checkout conversions and value.”
Rosanna Helm-Visscher, Head of Global Partnerships at Ecommpay
According to Ecommpay’s 2023 research, nearly half (45.2%) of retailers offering BNPL saw an increase in turnover, while a third (33.2%) of British consumers said they would abandon their online cart if BNPL was unavailable.
The partnership also aligns with broader trends in the BNPL sector. Industry data suggests that BNPL is expanding rapidly beyond small-ticket retail, particularly into travel and luxury goods, where consumers increasingly prefer to spread the cost of higher-value experiences and items. According to Juniper Research, the global BNPL market is expected to near $700 billion in transaction value by 2028, with many industry analysts featuring travel and large retail purchases among the fastest-growing BNPL categories.
By teaming up, Ecommpay and humm are positioning themselves at the forefront of this next phase in digital payments, offering both consumers and merchants greater flexibility, security, and growth opportunities.
