Nets joins forces with Klarna

Thursday 16 May 2024 07:56 CET | News

The Network for Electronic Transfers (NETS) Group has entered a collaboration with Klarna to provide the latter’s payment methods to its Nordic merchant customers. 

Through this partnership, Nets is set to integrate Klarna’s payment methods into its checkout for ecommerce merchant customers in the Nordic regions, including Sweden, Norway, and Denmark. The move aims to solidify Nets’ position in the payments industry, as it allows merchant partners to provide consumers with access to Klarna’s payment methods. In addition to requiring a single technical integration, consumers can pay with Klarna, having the ability to choose from a range of Buy Now, Pay Later (BNPL) and instalment products.

NETS Group has entered a collaboration with Klarna to provide the latter’s payment methods to its Nordic merchant customers.

According to Nets’ officials, the company aims to facilitate flexible, safe, and convenient payment for consumers shopping online. Considering that conversion rates at checkout rely on the availability of consumers’ preferred payment methods, the addition of Klarna’s solutions into Nets’ ecommerce platform focuses on delivering more choice and convenience, while also increasing conversion rates for merchants. Moreover, representatives from Klarna underlined that both companies intend to support the development of the Nordic ecommerce landscape by enabling merchants to provide the BNPL provider’s flexible payment options to consumers without requiring complex technical integration.

Furthermore, being part of the Nexi Group, Nets is committed to helping both individuals and businesses of all sizes by improving how they pay and how enterprises accept payments. By simplifying payments and offering reliable solutions, the company intends to enable businesses and financial institutions to enhance their customers, create closer relationships, and expand together.

Klarna’s previous news

Since its inception, Klarna’s objective has been to improve commerce while also focusing on meeting consumer needs. Currently having over 150 million global active users and 2.5 million transactions per day, the company’s AI-enabled payment and shopping solutions focus on enhancing how individuals shop and pay online and in-store, allowing consumers to shop smarter with increased convenience. Also, 550,000 global retailers integrate Klarna’s technology and marketing solutions to support their operations, including H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike, and Airbnb.

To advance its development strategy, Klarna recently entered a partnership with Uber to offer clients in the US, Germany, and Sweden the possibility to use its payment methods on Uber and Uber Eats. Customers and clients of Klarna received the ability to access convenient and secure alternative payment methods across Uber’s ride-sharing and delivery platforms.

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Keywords: partnership, BNPL, payment methods, expansion, ecommerce
Categories: Payments & Commerce
Companies: Klarna, Nets
Countries: Denmark, Norway, Sweden
This article is part of category

Payments & Commerce




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