Technology

Adyen to Act as Klarna’s Acquiring Bank

Adyen, the global financial technology platform for many of the world’s leading companies, has announced that it was strengthening its global partnership with Klarna, the AI powered global payments network and shopping assistant.

In this new partnership, Klarna will benefit from Adyen’s acquiring capabilities to simplify card payments for Klarna’s 150 million consumers and 500,000 retail partners globally.

Adyen has offered Klarna’s suite of payment methods, including their interest-free Pay Now and pay later options to Adyen customers for over ten years. Now, the partnership enters a new strategic phase where Adyen, for the first time ever, assumes the role of acquiring bank on behalf of Klarna’s different consumer offerings, starting in Europe, North America, and Asia in 2024.

Adyen will, as a payment provider, help Klarna make more seamless payments for Klarna’s 150 million users worldwide.

Klarna has showcased a strong understanding of the modern consumer journey and successfully launched their payment and shopping services all over the world. Adyen’s technology is set to make payments easier in a global context. With the help of Adyen’s financial technology platform, Klarna can further concentrate their efforts on delivering the best possible shopping experience to consumers worldwide.

The partnership with Klarna highlights Adyen’s ambition to provide global enterprises within the digital economy with the tools to create seamless payments, scalability and consumer journeys regardless of their market, sales channel or business vertical.

Pieter van der Does and Sebastian Siematkowski

Simplifying Payments

Pieter van der Does, co-founder and co-CEO, Adyen, said that Klarna has, in many ways, revolutionised the digital shopping experience and Adyen was joining forces in a partnership set out to simplify payments and shopping in their respective areas of expertise.

“Adyen’s financial technology platform combined with Klarna’s various consumer offerings will raise the standard of payments and consumer experiences worldwide,” Pieter added.

Tobias Lindh, Managing Director, Adyen Nordics & Baltics, said that Adyen was fortunate to work with businesses that were reshaping commerce and Klarna has been the latest testament to this. Klarna has changed how people shop around the world and it is incredibly exciting to take our collaboration to the next level locally and globally, he said.

Sebastian Siematkowski, co-founder and CEO, Klarna, said that Adyen, a world-class financial technology platform for businesses with global ambitions, aligns seamlessly with Klarna’s role as the preferred payments network and shopping assistant for consumers and retailers worldwide.

“In our journey towards strengthening our global commerce offerings, Adyen will play an integral role as our trusted partner,” he added.

About Adyen

Adyen is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft.

About Klarna

Since 2005 Klarna has been on a mission to accelerate commerce with consumer needs at the heart of it. With over 150 million global active users and 2 million transactions per day, Klarna’s fair, sustainable and AI-powered payment and shopping solutions are revolutionising the way people shop and pay online and in-store, empowering consumers to shop smarter with greater confidence and convenience.

Global Business Magazine

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