Worldpay, a UK-based payments processor, has collaborated with Swedish payments company Klarna to launch invoice and credit based payments across six markets in Europe.
The new capabilities will allow WorldPay users to decide when to pay for an item, and also manage their payment terms.
Go deeper with GlobalData
Customers will be allowed to choose from a range of payment options such as 14-day payment by invoice, fixed or flexible instalments, or spreading the cost over months.
Moreover, the new checkout experience will request customers for email address and postcode rather than asking about details about their credit or debit card. Klarna said that the new capabilities will enable WorldPay’s eCommerce businesses to boost conversion rates by up to 20% and offer a fast checkout.
The service will be available to Worldpay clients in the Netherlands, Norway, Sweden and the UK.
Worldpay global ecom chief product officer Dave Glaser said: “We believe that this solution will empower companies to see a real increase in sales, and chose to work with Klarna due to their unprecedented coverage in the Nordics and Europe. Knowing the excellent customer service they provide means our customers won’t be disappointed.”
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 GlobalDataKlarna chief commercial officer Michael Rouse added: “We are excited to be able to launch the latest in our credit and invoice based payment methods with a global leader like Worldpay, enabling eCommerce businesses to compete more effectively in key European markets.”
