Thomas Andrews’ Post

Klarna Cashback Drives $100M-Worth of Sales in Just Six Weeks Erin Jaeger, head of North America for Klarna says, “The take-up has been phenomenal! Cashback is driving a huge uptick in conversion for our merchant partners, and consumers are earning money while they shop… and after they stop!”  https://lnkd.in/eF2SNgb8 Sebastian Siemiatkowski Camilla Sanders Sofia Back David Sandstrom Joachim Reuss David Fock David Sykes Niclas Neglen #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

This week (27-31 May) update on Payment, Fintech and Merchant ecosystem. 📍7 out of 10 e-commerce merchants apply multiple PSP strategy 📍Merchant issues and creative solutions 📍Frictional user experience with integrated checkout page #merchants #payments #paytech #partners #psp #checout #paymentproverde #merchantservises #paytech #ecommerce #paymentorchestration #pop

Buy Now Pay Later Market (2024-2032) Download Sample Report PDF >> https://lnkd.in/dnCvx8eZ The Buy Now Pay Later (BNPL) Market provides consumers with convenient and flexible payment options when making purchases online. BNPL services, integrated into e-commerce platforms, allow for deferred payments with little to no interest. This sector appeals to both consumers and merchants, potentially boosting sales and order values. Key players in this market range from specialized fintech companies to traditional financial institutions. The sector's growth is fueled by rising online shopping adoption, consumer preferences for flexible payment solutions, and the increasing influence of fintech innovations in finance. Segmentation by type:  -Individual -Enterprise Segmentation by application: -Fashion and Garment Industry -Consumer Electronics -Cosmetic Industry -Healthcare -Others The key players covered in this report: Afterpay QuadPay (Zip Co Limited) VISA Sezzle Affirm Klarna Splitit Latitude Financial Services Flexigroup Openpay #BuyNowPayLater #BNPL #Fintech #FlexiblePayments #Ecommerce #OnlineShopping #ConsumerFinance #DeferredPayments #DigitalPayments #PaymentSolutions #RetailFinance #FinancialServices #InterestFreePayments #InstallmentPayments #ShoppingConvenience #FintechInnovation #CustomerExperience #MerchantServices #PaymentOptions #FinancialTechnology Ask More >> https://lnkd.in/dn87HznJ

Klarna: soon available with HiPay! 🙌 Currently being integrated by our experts, the Klarna solution will enable you to boost your business by offering several convenient payment options, which differ by country: 👉        Pay in 30 days, 👉        Pay in 3, 👉        Financing, 👉        Pay now. With notably 550,000 merchant partners and 150 million end customers, Klarna will thus meet the ever-changing needs of your market to take your payment strategy to the next level with HiPay! 🚀 Read our latest blog post for more details on this augmented payment offering for even greater flexibility.👇 #HiPay #Klarna #AugmentedPayments #Flexibility

Klarna Customers Can ‘Save Now, Pay Later’ With New Balance and Cashback Features Sebastian Siemiatkowski, Co-founder and CEO of Klarna says: “Klarna owes everything to our loyal network of millions of consumers. These new products make it easier for customers to manage multiple scheduled payments, helping our customers use Klarna for more frequent purchases and driving loyalty. We are already one of the most trusted brands in financial services and we want to build on that to support all consumers with their everyday spending. Today's launches are a major step forward, allowing consumers to earn money while they shop and manage it in a Klarna account." https://lnkd.in/dC25wfwP Daniel Greaves David Fock Arvind Varadhan David Sandstrom Camilla Giesecke David Sykes Pedro Camargo Kevin Lindemann #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

BNPL Trends: How Customers Are Embracing Buy Now, Pay Later Our latest data analysis offers some interesting insights into how VibePay users are interacting with BNPL (Buy Now, Pay Later) services—and the seasonal trends might surprise you. Using our innovative Insights platform, powered by Open Banking, we discovered the following trends: 📊 Nearly 1 in 5 purchases made by VibePay users are now done through BNPL services like Klarna, Clearpay (Afterpay), and Zilch. This growing trend highlights how users are increasingly seeking flexible payment options for larger purchases, particularly around key shopping periods. 📈 While Klarna leads the way for high-value purchases, ClearPay and Zilch handle smaller, more frequent transactions. The data shows that users are leveraging BNPL options strategically based on the nature of their purchases. 💡 Notably, BNPL adoption spikes around major sales seasons, with increased activity during the months leading up to Black Friday and Christmas—a trend worth watching as we approach the holiday season. 🔍 Want deeper insights into consumer spending trends? If understanding how your customers shop can help shape your business strategy, get in touch! VibePay’s insights into user behaviour can help your business or organisation tap into emerging trends and make smarter decisions. Stay tuned for more updates on how consumer habits are shaping the future of payments. #BNPL #Fintech #VibePay #Payments #OpenBanking #BlackFriday #ChristmasShopping

Klarna: How to Use Financial Services to Transform the Shopping Experience 🛍️ Klarna isn't just a payment provider anymore. They've strategically built a powerful discovery-to-purchase funnel that's transforming customer acquisition for merchants. Here's how: 1) Advertising Platform 📣: Klarna's platform allows merchants to reach highly targeted audiences, driving traffic and boosting brand visibility. 2) Price Comparison 🔍: Their integrated price comparison tools empower shoppers to find the best deals, increasing conversion rates for merchants. 3) Multiple Payment Options 💸: Klarna's flexible payment options, including their signature "Buy Now, Pay Later" service, reduce friction at checkout, encouraging larger purchases. The Latest Move: Accounts & Cashback 🤑 Klarna's recent launch of a checking account-like service with personalised cashback rewards takes their merchant-centric strategy to the next level. It creates a powerful integration of shopping and banking that benefits both merchants and consumers: 1) Increased Customer Loyalty ⭐️: Personalised cashback rewards incentivise repeat purchases, driving customer loyalty for merchants. 2) Increased App Engagement 🚀: Integrating deposits gives users more reasons the Klarna app, creating more opportunities to shop, and incentivising more use of its multiple payment services (e.g. card), which in turn drives more app visits. 3) Valuable Data Insights 💡: The combination of discovery-to-purchase provides merchants with deeper insights into customer behaviour, allowing for more targeted marketing and personalised offers. The Bottom Line 🧠: Klarna is building a comprehensive ecosystem that streamlines the entire shopping journey, from discovery to purchase. By integrating banking into this ecosystem, they are creating a powerful flywheel that benefits merchants, consumers, and Klarna itself (especially in the EU where deposits could be reused for lower cost loan funding). Embedded Finance - The Key to Frictionless Customer Acquisition 📲: For any company seeking to build a truly frictionless customer acquisition funnel, embedding financial services is essential. Virtual cards, wallets, BNPL, and other innovative payment solutions can significantly enhance the customer experience, driving loyalty and boosting sales. Episode Six (E6): Empowering Businesses to Embed Financial Services Episode Six's modern payments platform provides the technology and flexibility businesses need to embed financial services seamlessly into their customer journey. With Episode Six, companies can quickly launch and scale innovative payment solutions, creating a competitive advantage in today's fast-paced digital landscape. #Klarna #ecommerce #fintech #retail #payments

The future of retail payments is clear—and it's mobile, flexible, and customer-centric. And it's no surprise that SoftPOS is gaining traction as the go-to solution for merchants. Contactless payment volumes are expected to jump from 195 billion to 408 billion transactions by 2027, and businesses can’t afford to lag behind. But this shift isn’t just significant for merchants. It’s a wake-up call for banks and fintechs who must now go beyond offering basic payment processing services. For fintechs, this is a moment to push the envelope, integrating SoftPOS with other financial products to create end-to-end digital experiences. The future of payments will not be defined by who has the most advanced hardware, but by who can create the most seamless, intelligent, and adaptive software-driven experiences.

Super interesting read about how VAS is growing among other segments in a PSP business model!

Klarna will soon be offered as a default payment method by Worldpay, the 3rd-largest merchant acquirer in the world.🎉 This expanded partnership will accelerate the growth of our global network of 85 million active customers and 600,000 merchants. 📈 To continue to build the commerce network for the next generation, we’re doubling down on partnerships with payment processing giants like Worldpay which processes $2.3tr-worth of payments for over a million merchants globally. 🎉 A key pillar of our strategy is to transform Klarna from an ‘alternative’ to a default method of payment, meaning when businesses sign up to accept payments, Klarna will be a standard choice, just like Visa or Mastercard. 💳 This collaboration is a huge leap towards achieving our mission: Klarna on every checkout, everywhere, for everything. 🌍