A key fintech alliance

Image by maja7777 from Pixabay

Today, Klarna and Stripe announced a promising partnership which could significantly accelerate the growth of the “Buy Now Pay Later” (BNPL) market.

Retailers using Stripe can now integrate Klarna’s payment methods in countries where Klarna is available.

This is significant because both companies are leaders in their respective fields. Since its inception in 2005, BNPL provider Klarna has built significant brand awareness and a very solid base (90 million consumers; 2 million transactions per day as per data supplied by the company). On the other hand, Stripe has become a true payment processing heavyweight. The company states on its website its API requests total at least 250 million per day and that 90% of adults in the United States have bought products and services from merchants that use the platform. Stripe has also expanded to many countries as it supports more than 135 currencies.

Will Gaybrick, Chief Product Officer at Stripe commented: “We’re thrilled to partner with Klarna so millions of businesses on Stripe globally can offer increased payment flexibility. Klarna’s payment options are a powerful tool for online businesses to attract more customers, boost conversion rates, increase basket sizes, and thus grow their revenue.”

At the risk of repeating myself, that’s potentially a powerful combination




Founder of Nuadox | Tech & Innovation Commentator | Digital Strategist | MTL | More about me> psiarri.xyz

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

P2P Lending Platforms and the Way Forward

Reciprocal Advantages: Asking For Help From Your Community

How Business Owners are Reacting to COVID-19

MLROs.com: Examining the KYC Operational Landscape & Enhancing Corporate Customer Due Diligence

The Worst Ultimatum Ever

Customer Scoring for Small and Medium Businesses — Is Now a Reality with Realomat AI

DoorDash Releases First-Ever Economic Impact Report

If I became a partner of Veldhuizen & Sons Inspection Services…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Phil Siarri

Phil Siarri

Founder of Nuadox | Tech & Innovation Commentator | Digital Strategist | MTL | More about me> psiarri.xyz

More from Medium

Why is There So Much Animosity for Crypto, and What Do DeFi Insurance Companies do About It?

Why we invested in Banxware

Year of Discovery (Week 40: Egypt’s Startup Ecosystem and Upstream/Downstream Innovation)

Steve Jurvetson Interview: Investing Smarter | VC Lab