Digital River has entered into multiple payments agreements with Klarna, a Stockholm-based payment provider, in a tie-up that will be hugely beneficial to both parties.
E-commerce and payments service provider Digital River added Klarna Invoice to its portfolio of online payment options in Europe, including Austria, Denmark, Finland, Germany, Norway, Sweden and the Netherlands. Another of the multiple agreements allows Klarna to use the Digital River World Payments solution to process consumers’ credit card and online bank transfer payments through Digital River’s international payment gateway.
In 2013, Digital River processed more than $30 billion in online transactions. Now with Klarna Invoice, consumers can buy items now and pay for them later by invoice or with flexible installments. This helps increase consumer buying power, especially for higher ticket items. When online merchants enable Klarna as a payment method, they get a significant improvement in their conversion rates.
“This new partnership presents multiple mutually beneficial opportunities,” said Souheil Badran, Digital River World Payments’ senior vice president and general manager. “By adding Klarna to our payments portfolio – which today supports over 190 international and local payment options – we can offer our clients even more alternatives designed to cater to buyer preferences and drive online sales conversions. By using Digital River’s international payments gateway, Klarna can offer its customers convenient access to world-class payment processing services.”
Whitepapers
Related reading
Travel industry must keep up with consumers’ payments demands
Payments providers must keep up with the fast-paced change of consumer demands in the travel sector, according to Kevin White, Mastercard’s director ... read more
Nissan joins in-car payments race
Payments services providers and fintechs have unleashed a flurry of collaborative innovations over the course of the past decade in order to ... read more
Ripple courting banks, paytech and big fintech to beat Swift to emerging markets
Midway into 2019, Ripple is broadening its clientbase in order to boost growth and capture emerging market volumes, according to Marcus Treacher, ... read more
UK SMEs need to embrace technology revolution
Modulr CEO Myles Stevenson and Seamus Smith, executive vice president of worldwide payments and banking for Sage, on why now is the time to embrace digitisation
Related companiesView all >
