Three world-leading payment companies announced a partnership
AliExpress adds Klarna’s market-leading ‘Pay later’ option through the world’s leading payment platforms Alipay and Adyen.
Three world-leading companies in payments, Alipay, Adyen, and Klarna, have announced a partnership to allow shoppers at AliExpress, the global retail online marketplace under Alibaba Group, to use Klarna’s popular ‘Pay later’ solution. This 'Buy-Now-Pay-Later' service from Klarna is reported to continue to bring huge profits for the company.
Klarna’s ‘Pay later’ solution is enabled by Adyen, the payments provider behind AliExpress. This will empower AliExpress’ shoppers in Germany, the Netherlands, Austria and Finland to decide when and how they want to pay. This is the first phase of the partnership, with the ambition to expand to additional markets throughout the course of the year.
From now on, shoppers at AliExpress can choose ‘Pay later’ at the checkout and pay for their goods after delivery. This payment alternative allows them to try items at home and keep what they love, before parting with any money. After a shopper uses Klarna for the first time, all subsequent purchases only need a single click to buy.
Source: PaySpace Magazine