Netherlands-based global payments services company Adyen has teamed up with the Sweden-based online retail payments company Klarna.
The two companies are working together to deliver an invoice-based payment solution for European airlines and travel merchants.
Roelant Prins, chief communications officer at Adyen said: "Adyen is delighted to partner with Klarna to offer merchants in the airline industry a payment method that has been popular amongst shoppers for other types of purchases for some time."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataPrins added: "Scandinavian Airlines (SAS) has become the first airline to offer instalment payments using Klarna and we are confident more airlines operating in the German and Swedish markets will adopt this new option in the near future."
Online shoppers will be enabled to pay for the full amount of their flight tickets up to 24 months after purchase.
The development of invoice as a payment method by Adyen and Klarna follows its popularity in Sweden and Germany, where it accounts respectively for a 21% and 11% share of all payments in each country.
Wilhelm Hamilton, key account manager at Klarna said: "We are excited to deliver a payment solution that it is developed especially for the travel industry and its specific needs.
"At Klarna, we always strive to make online shopping simpler and safe."
By 2013 Adyen had reached an airline customer portfolio of twenty companies, including Transavia, Monarch Airlines, EL AL, Avianca Brazil and Citijet
Klarna, meanwhile, revealed plans to expand in the US, Japan and more widely in Europe on 4 February.
Related articles:
Dialog, Orik and NXP launch contactless ticketing, payment technology in Sri Lanka
TUI’s Specialist Holidays Group to launch mobile phone payment for holidays
A quarter of global airlines now take mobile payments – WorldPay