Klarna becomes the world’s first payment provider to offer BNPL payment methods for both customers and businesses

18 octombrie 2021

Billie, the leading provider of Buy Now, Pay Later (BNPL) payment methods for businesses, and Klarna, a leading global retail bank, payments, and shopping service, announced the launch of a new partnership. Online stores from across the world will be able to offer their business customers Billie’s BNPL payment methods through existing Klarna integration.

Through the cooperation with Billie, Klarna expands its own product offerings so that online merchants, in addition to Klarna’s own various payment methods for customers, will be able to offer Billie’s BNPL payment methods for businesses. „Klarna thus becomes the world’s first payment provider to offer a comprehensive range of BNPL payment methods for both customers and businesses,” according to the press release.

Billie’s newly implemented payment methods can be directly activated by the businesses themselves and are seamlessly embedded in Klarna’s checkout process. No additional technical steps are required by online retailers. Both companies plan to launch Billie’s BNPL payment methods for Klarna merchants in Germany, in the first quarter of 2022, which will then be followed by a roll-out to other European markets.

We are now at the cusp of significant disruption in B2B payments. Over the past few years, we have seen Buy Now, Pay Later payment methods increasingly replace traditional payment methods such as credit cards in the consumer segment. We are now seeing a similar trend in the business sector. BNPL is on the rise and continues to gain importance over traditional payment methods in the B2B segment, a development similar to the credit card revolution more than 30 years ago. However, until now, there aren’t any providers that offer the payment method in a fully automated way, and with a modern user interface, the way Klarna does for the B2C segment,” says Christian Grobe, co-founder and co-CEO of Billie.

Billie’s B2B BNPL payment methods will be available to all Klarna merchants with businesses as customers. This applies, for example, to online merchants in sectors such as DIY stores, electronics, home and garden, furniture, hotels and restaurants, stationary and printing. With high shopping cart conversion rates of over 90%, and shopping cart limits of up to €100,000, with Billie, online retailers can increase sales by up to 40%, while increasing repeat purchases.

Through our partnership with Billie, we are expanding our product range to include an important area that is in demand by many of our merchants but not yet adequately served by us — for them as businesses and how they pay online. Klarna is the first payment provider able to offer merchants such a service, one which will be as seamless and secure as existing consumer offerings. Klarna is extremely well placed to serve over 250,000 of our merchants in this way and now together with Billie’s outstanding B2B product offering, it is a perfect complement,” says Koen Köppen, CTO of Klarna.

The partnership gives Klarna access to one of the largest and still largely untapped markets: B2B commerce. According to studies, B2B commerce transaction volume is three to five times higher than that of B2C commerce. The increasing shift in businesses from offline to online purchasing processes will further accelerate growth in this sector.

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Billie is the leading provider of Buy Now, Pay Later (BNPL) payment methods for businesses, offering B2B companies innovative digital payment services. Founded and based in Berlin, FinTech enables companies to pay and get paid on their own terms simply and easily through modern checkout solutions. Based on proprietary, machine-learning-supported risk models, fully digitized processes and a highly scalable tech platform, Billie offers freedom to big and small businesses alike through fast liquidity, automated workflows and access to modern payment solutions. Billie was founded in 2016 by the former founders of Zencap (Exit and Funding Circle).

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Mihai Draghici – CEO PayByFace

„Dupa ce oamenii creeaza un cont PayByFace si au adaugat cardul, selfi-ul si PIN-ul, si au avut un pic de curaj sa se duca sa incerce, daca au incercat o data plata prin recunoastere faciala nu mai folosesc altceva (n.r. ca modalitate de plata). 80% dintre ei numai asta folosesc. Le place la nebunie.” 

Afla aici rezultatele in adoptia platii prin recunoastere faciala.

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?