17 Jan 23

Ingenico announces strategic partnership with Klarna to enable its alternative payment solutions at retailers using PPaaS, Ingenico’s Payments Platform as a Service for banks, acquirers and other merchant service providers

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New York, January 16, 2023:  Ingenico, a global leader in payments acceptance solutions, and Klarna, the global leader in the generational shift away from credit cards, today announced a global strategic partnership that will facilitate the roll out of Klarna’s flexible payment options at the point of sale using PPaaS, Ingenico’s innovative, cloud Payments Platform as a Service.

In-store shopping remains the primary channel for consumers, and by 2025 in-store sales are expected to continue to account for almost three-quarters of total retail spending worldwide[1]. Yet rolling out new solutions to in-store payment devices has traditionally been complex and expensive, hindering innovation and slowing down the deployment of new services. PPaaS enables its clients such as banks and merchant acquirers to select from a catalogue of payments and value-added services without the need for lengthy and expensive software development and avoids the complexity associated with deployment across a variety of terminal brands.

As the global leader in payments acceptance solutions in store, Ingenico is a trusted technology partner for 1,000+ banks, acquirers, ISVs, payment aggregators and fintechs and has some 40 million POS terminals in service around the world, serving retailers ranging from small merchants to some of the best-known global brands. As Ingenico’s customers progressively deploy PPaaS across their estates, Klarna will leverage this deployment to extend the ability of consumers to use Klarna’s interest-free alternative payment solutions at a variety of physical retail locations.

"Historically, change in the in-store payments experience has been slow. We see Ingenico’s PPaaS as a significant accelerator that will allow us to bring Klarna’s innovative payment solutions wherever customers want to shop, including on the shop floor. We’re excited to bring retailers the confidence they have come to expect in payments that are processed on their existing infrastructure as well as the necessary integrations with other parts of their retail technology.Kristina Elkhazin, Head of North America at Klarna

"Digital commerce has made online shopping a daily habit for millions of consumers around the world. The flexibility, ease, and speed of online shopping experiences is now transforming how consumers expect to shop in-store. How people pay is very much at the center of this transformation. Klarna has been an industry innovator in extending payment options to consumers online, and now it’s doing that in-store. This brings value to consumers and retailers alike, and we look forward to enabling Klarna payment options at the point of sale for clients in our different markets." Giulio Montemagno, General Manager of PPaaS for Ingenico

[1] Estimated value of the in-store and e-commerce retail sales worldwide from 2021 and 2025.

About KLARNA

Since 2005 Klarna has been on a mission to revolutionize the retail banking industry. With over 150 million global active users and 2 million transactions per day, Klarna is meeting the changing demands of consumers by saving them time and money while helping them be informed and in control. Over 450,000 global retail partners, including H&M, Saks, Sephora, Macys, IKEA, Expedia Group, and Nike have integrated Klarna's innovative technology to deliver a seamless shopping experience online and in-store. Klarna has over 6,000 employees and is active in 45 markets. For more information, visit Klarna.com

About Ingenico

Ingenico is the global leader in payments acceptance solutions. As the trusted technology partner for merchants, banks, acquirers, ISVs, payment aggregators and fintech customers our world-class terminals, solutions and services enable the global ecosystem of payments acceptance. With 45 years of experience, innovation is integral to Ingenico’s approach and culture, inspiring our large and diverse community of experts who anticipate and help shape the evolution of commerce worldwide. At Ingenico, trust and sustainability are at the heart of everything we do. 

 

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Katuiscia Benloukil, Head of External Communications

T: +33 6 58 39 95 02

E: [email protected]

 

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