Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has teamed up with Klarna, a global payments and shopping provider, to launch a new enhanced joint payment solution specifically for merchants.
According to the duo, all three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, may 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. It was then noted merchants that take advantage of the all-in-one-integration will be able to offer consumers the full range of Klarna payment methods in nine markets, which are Sweden, Norway, Finland, Denmark, Germany, Austria, Switzerland, the Netherlands, and the UK, as well as even more regions in 2020 including the US and Australia.
Speaking about the partnership, Luke Griffiths, Commercial Vice President at Klarna, stated that the partnership will enhance both the merchant and end-customer experiences while also expanding the company’s footprint to more areas around the world. Kilian Thalhammer, Executive Vice President of Product Management at Wirecard, then added:
“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. We are happy to join forces with Klarna.”