International payment service provider Klarna reached a turnover of €677 million, up 31% compared to 2018. More than 200.000 online and offline shops use the services of Klarna. Despite the turnover growth, the published annual report shows that the net result is a negative €85 million. The gross market value, the sum of all sales in stores, also increased by more than
AliExpress customers in four different European countries can now decide when and how they pay. Adyen, AliExpress’ payment provider now supports Klarna’s ‘Pay Later’ solution. This collaboration is made possible by a nice list of payment providers: the Swedish Klarna, the Dutch Adyen and the Chinese Alipay. Alipay, like AliExpress, is owned by e-commerce giant Alibaba. The
Klarna is doing well. The Swedish payment company recently revealed in its most recent annual report that it now processes 1 million transactions per day and that the worldwide sales volume has risen by 36% to around 26 billion euros. Not only has the sales volume increased to double digits, so did the net sales: last year it increased by 31% to around 561 million euros.
Swedish payment service provider Klarna has launched its own financing program for SME retailers in Europe. The initiative is called Boost and aims to support retailers accelerate their growth. In the beginning, Boost will be available for selected merchants in Austria, Denmark, Finland, Germany, the Netherlands, Norway, and Sweden only. Starting in the beginning of December,
Shopify announced that Shopify Payments has expanded to Germany. This expansion offers German merchants with an out-of-the-box payments solution in addition to providing payment methods that are locally relevant to their customers. Working with payments provider Klarna, Shopify Payments will offer payment methods that best suit customers in Germany. Shopify Payments is