Wirecard, the global innovation leader for digital financial technology, and Klarna, a leading global payments and shopping provider, announced mid-March the launch of a new enhanced joint payment solution.
“We are proud to team up with Wirecard to combine the best of our offerings into a single solution,” said Luke Griffiths, Commercial Vice President at Klarna.
“We are happy to join forces with Klarna,” added Kilian Thalhammer, Executive Vice President Product Management at Wirecard.
Beneficial for Merchants
All three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants’ checkout via a single integration through the Wirecard digital financial commerce platform to boost average order value, conversions and hence fuel growth for merchants.
As the single point of contact for merchants, Wirecard ensures that Klarna is integrated easily into the merchants’ checkout page as a payment option and also processes all subsequent payments made via Klarna.
Merchants who take advantage of the all-in-one-integration will be able to offer consumers the full range of Klarna payment methods in the following nine markets: Sweden, Norway, Finland, Denmark, Switzerland, Germany, Austria, Netherland and the United Kingdom.
“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,” said Griffiths.
In addition, Wirecard and Klarna cover the merchant and consumer risk respectively, with the consequence that the payments are always guaranteed.
Through the cooperation, Wirecard and Klarna will be complementing each other’s services, while growing Klarna’s potential merchant base and global consumer brand.
End-customers will continue to enjoy a smooth, hassle-free checkout experience when paying via Klarna, the company states in their press release.
“Shoppers seek, above all, a frictionless shopping journey,” said Thalhammer.
“Together with Klarna, we will give shoppers exactly that: A hassle-free shopping experience, on their terms. Merchants will also benefit from a more streamlined and efficient integration, meaning that merchants and shoppers are that much closer to their ideal checkout experience,” Thalhammer added.
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