Wirecard deepens commitment to fintech innovation with Klarna

Wirecard has united with Klarna, a global payments and shopping provider, for the launch of a new enhanced joint payment solution.

The collaboration means that all three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants’ checkout via a single integration.

The process will be implemented 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 has tried to ensure that Klarna is efficiently integrated into the merchants’ checkout page as a payment option and also processes all subsequent payments made via Klarna. 

Luke Griffiths, Commercial Vice President at Klarna, praised the collaboration: “We are proud to team up with Wirecard to combine the best of our offerings into a single solution. Our joint partnership will enhance both the merchant and end-customer experiences, while expanding our footprint to more geographies. We are looking forward to launching this attractive solution on a global scale.”

Merchants that capitalise on the integration will be able to offer consumers the full range of Klarna payment methods in nine countries (Sweden, Norway, Finland, Denmark, Switzerland, Germany, Austria, Netherlands and the United Kingdom) today, and even more regions as the year develops including the US and Australia. 

In addition, Wirecard and Klarna cover the merchant and consumer risk respectively, adding an extra layer of security to the payments process.

Kilian Thalhammer, Executive Vice President Product Management at Wirecard added: “Shoppers seek, above all, a frictionless shopping journey. Klarna Payments 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. We are happy to join forces with Klarna.”