Nets, part of Nexi Group – a Paytech, has formed a partnership with Klarna to offer buy now pay later (BNPL) services.
Nets is an AI-powered global payments network and shopping assistant. Klarna works with over half a million global retailers to facilitate transactions and offer credit.
The partnership will involve merchants in Sweden, Norway, and Denmark. The new service is expected to “solidify Nets’ position as a leading payments gateway provider, enabling its merchant partners to offer consumers access to Klarna’s popular payment methods seamlessly.”
Johanna Tell, Head of Nordic e-commerce at Nets, said thye know from experience that conversion rates at checkout heavily rely on the availability of consumers’ preferred payment options.
“Klarna is many consumers’ preferred payment method across the Nordics, so its addition to the Nets e-commerce platform will deliver more choice and convenience, while increasing conversion rates for merchants.”