European paytech company Nexi is expanding its partnership with Klarna to take Buy Now, Pay Later (BNPL) global on its checkout service.
Serving merchants in more than 25 countries, Nexi will now provide Klarna’s suite of payment methods to its merchant customers, with Klarna appearing as a default payment option at the Nexi checkout for relevant international merchants.
Nexi hopes the expansion of the Klarna payment offering will enable small businesses to grow their operations internationally, boosting revenue, customer loyalty and the added value associated with Klarna’s flexible BNPL solutions.
David Sykes, Chief Commercial Officer, Klarna said: “We’re really excited to extend this partnership, automatically enabling Klarna for thousands more merchants across Europe, and making Klarna available for everyone, everywhere.
“With their extensive reach among e-commerce merchants across Europe, Nexi is a great distribution partner for us. This partnership is a win-win for all, merchants and consumers alike.”
Following a successful pilot launch in the Nordic region, Nexi will now grow its offerings across Europe, including Poland and Italy, where the paytech firm launched its payment services recently.
Nexi seeks to make the checkout experience seamless by integrating localised payment methods for banks, merchants and consumers.
The company noted that providing alternative payment methods like Klarna’s instalment-based payments enables faster checkout rates as consumers’ payment preferences continue to diversify and evolve.
With a particular focus on growing the e-commerce payment journey, Nexi has also signalled plans to develop more account-to-account payments, as well as integrate more digital wallets and traditional card payment options in more convenient and secure ways.
Roberto Catanzaro, Head of Merchant Services in Nexi Group, commented: “We facilitate fast checkout solutions online, offering all the payment methods that are in demand by local consumers.
“Klarna offers our merchant customers and their shoppers more choice and added convenience, boosting the conversion rates for merchants and consequently their revenue growth.”
