Peer-to-peer resale platform Vinted is an outlier in the industry: it’s profitable and still growing — reporting a 330% jump in net profits to €76.7 million in 2024. To capitalize on that position, it’s introducing payments through Vinted Pay.

The company is building an in-house wallet and payout service for its members, in what it says is a bid to “create a more seamless, secure and user-friendly way to make payments through the app”, to replace the third-party wallets and payout services it’s relied on in the past. It’s a move that will also cut costs for Vinted, as the more of the payment process it handles, the less fees it has to pay to third-party payment providers. It’s currently testing an in-house wallet service with a small group of members in Lithuania, Finland, Greece, Slovaki

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