Wirecard and Klarna, a global payments and shopping provider, announced the launch of a new enhanced joint payment solution. 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 payment is integrated easily into the merchants’ checkout page as a payment option and also processes all subsequent payments made via Klarna. Merchants that take advantage of the all-in-one-integration will be able to offer consumers the full range of payment methods in nine markets (Sweden, Norway, Finland, Denmark, Switzerland, Germany, Austria, Netherland and the United Kingdom) today, and even more regions in 2020 including the US and Australia. In addition, Wirecard and Klarna cover the merchant and consumer risk respectively, meaning that the payments are guaranteed.
Through the cooperation, the companies 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.
“Shoppers seek, above all, a frictionless shopping journey,” comments Kilian Thalhammer, Executive Vice President Product Management at Wirecard. “Together, 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.”