Klarna and Wirecard join forces to launch new payment solution

Klarna

Leading global payments and shopping provider, Klarna, and global innovation leader for digital financial technology, Wirecard, announced today the launch of a new enhanced joint payment solution.

All three of Klarna’s shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into a retailer’s checkout via a single integration through the Wirecard digital financial commerce platform. It will boost average order value and conversions, fuelling increased sales growth.

Retailers that take advantage of the all-in-one integration will be able to offer consumers the full range of Klarna’s payment methods in nine countries – the UK, Sweden, Norway, Finland, Denmark, Switzerland, Germany, Austria and the Netherlands – from today. More regions will be added throughout 2020, including the US and Australia.

Luke Griffiths, commercial vice president at Klarna, said: “Our joint partnership will enhance both the merchant and end-customer experiences, while expanding our footprint to more geographies. We are looking forward to launching this attractive solution on a global scale.

Klarna and Wirecard will be complementing each other’s services, while growing Klarna’s potential merchant base and global consumer brand. Shoppers will continue to enjoy a smooth, hassle-free checkout experience when paying via Klarna.

Wirecard and Klarna cover the merchant and consumer risk respectively, meaning that the payments are guaranteed.