Minneapolis-based Digital River has signed multiple payments agreements with Klarna, a Stockholm-based payment provider. As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers’ credit card and online bank transfer payments through Digital River’s international payment gateway.
Through a partnership agreement, Digital River added Klarna Invoice to its portfolio of online payment options in Europe, including Austria, Denmark, Finland, Germany, Norway, Sweden and the Netherlands.
In 2013, Digital River processed more than $30 billion in online transactions.
Klarna provides consumers a simple and safe way to make online purchases. With Klarna Invoice, consumers can buy items now and pay for them later by invoice or with flexible installments. This helps increase consumer buying power, especially for higher ticket items. When online merchants enable Klarna as a payment method, they get a significant improvement in their conversion rates.
Klarna was founded in Stockholm in 2005 with the idea to simplify buying. Today, Klarna is one of Europe’s fastest growing companies. In 2014, the company joined forces with SOFORT and formed Klarna Group, the leading European payment provider.
Klarna Group has more than 1,100 employees and is active in 16 markets. The company serves 25 million consumers and works with 45,000 merchants.
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