Klarna Partners with Wix to Offer Flexible Payment Options

Klarna, the global bank geared towards payment and purchase financial services with more than 90 million users globally, today announced a strategic agreement with Wix (Nasdaq: WIX), a global SaaS platform in creating, managing and growing online presence. Together, Wix and Klarna will offer convenient and flexible payment options to Wix eCommerce users in the US, UK, Australia, New Zealand, Germany, Austria, Switzerland, Sweden, Norway, Finland, and Denmark markets. , Belgium, Holland, France, Spain, Poland and Italy.

Wix is ​​a website development platform for e-commerce businesses around the world, used by designers and developers to musicians and restaurant owners. Through this partnership with Klarna, Wix merchants will be able to offer their customers more flexibility when paying, including popular solutions Pay in 4 and Pay in 3 from Klarna, which allow buyers to divide their payments into interest-free installments over time, while retailers are paid upfront and in full.

“We are delighted to be able to join our efforts with Klarna to offer e-commerce more payment solutions that benefit both them and their customers”, comments Omer Shatzky, Head of Billing and Payments at Wix.

“Our research indicates that Wix stores with ‘Buy Now Pay Later’ options have seen a 25% increase in their high-priced shopping transactions as they make these items more affordable for customers and also drive the growth of their businesses. Together with Klarna, we hope to offer more companies ways to increase the total value of their carts and empower their current and new customers with greater financial freedom.“, Also states Omer Shatzky.

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Klarna and Wix will use a new payment method

Consumers are abandoning traditional payment in favor of flexible payment options that better suit their lifestyle. In this context, it is anticipated that the “Buy now and pay later” sector grows between 10 and 15 times globally to reach more than 1 trillion dollars in annual gross merchandise volume by 2025, according to the consulting firm CBInsights. The addition of Klarna payment options enables Wix eCommerce businesses to boost the purchasing power of their customers and enhance their engagement through the payment methods buyers prefer.

“With this agreement, merchants using Wix will be able to access our global Klarna network with 90 million shoppers. Most importantly, they will now have the ability to offer their customers more flexible payment options and take advantage of the growth in buy now, pay later solutions ”, Explain Luke Griffiths, COO of Klarna. “Wix plays an important role in the growth of retailers, both large and small. I cannot think of a better partner to work with and we are pleased to be able to help their businesses. “

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