Wirecard and Klarna launch joint payment solution for merchants

Aschheim, Munich (ots) - - Wirecard embeds all three Klarna payment methods into
merchants' checkout - via a single integration - and processes all payments

- Solution currently available in nine countries, with more geographies coming
in 2020

Wirecard, the global innovation leader for digital financial technology, and
Klarna, a leading global payments and shopping provider, announced today the
launch of a new enhanced joint payment solution. All three Klarna shopping
methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into
merchants' checkout via a single integration 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 ensures that Klarna is
integrated easily into the merchants' checkout page as a payment option and also
processes all subsequent payments made via Klarna. Merchants that take advantage
of the all-in-one-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 in 2020 including the US and Australia. In addition, Wirecard
and Klarna cover the merchant and consumer risk respectively, meaning that the
payments are guaranteed.

Through the cooperation, Wirecard and Klarna will be complementing each other's
services, while growing Klarna's potential merchant base and global consumer
brand. Shoppers will continue to enjoy a smooth, hassle-free checkout experience
when paying via Klarna.

"We are proud to team up with Wirecard to combine the best of our offerings into
a single solution," said Luke Griffiths, Commercial Vice President at Klarna.
"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."

"Shoppers seek, above all, a frictionless shopping journey," added Kilian
Thalhammer, Executive Vice President Product Management at Wirecard. "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."

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in
the area of financial commerce. We provide both business customers and consumers
with a constantly expanding ecosystem of real-time value-added services built
around innovative digital payments by using an integrated B2B2C approach. This
ecosystem concentrates on the areas payment and risk, retail and transaction
banking, loyalty and couponing, data analytics and conversion rate enhancement
in all sales channels (online, mobile, POS). Wirecard operates regulated
financial institutions in several key markets and holds issuing and acquiring
licenses from all major payment and card networks. Wirecard AG is listed on the
Frankfurt Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Find out more at
http://www.wirecard.com .

About Klarna

We make shopping smoooth. With Klarna, consumers can buy now and pay later, so
they can get what they love today. Klarna's offering to consumers and retailers
includes payments, social shopping, and personal finances. Over 200,000
merchants, including H&M, Adidas, IKEA, Expedia Group, Samsung, ASOS, Peloton,
Abercrombie & Fitch, Nike and AliExpress have enabled Klarna's innovative
shopping experience online and in-store. Klarna is the most highly valued
fintech in Europe with a valuation of $5.5bn and one of the largest private
fintechs globally. Klarna was founded in 2005, has over 2,700 employees and is
active in 17 countries. For more information, visit http://www.klarna.com.

Wirecard media contact:

Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

Klarna media contact:
Klarna GmbH
David Zahn
E-Mail: presse@klarna.de

Additional content: https://www.presseportal.de/pm/15202/4544599
OTS: Wirecard AG
ISIN: DE0007472060

Original-Content von: Wirecard AG, übermittelt durch news aktuell