Klarna partners with Ingenico on in-store BNPL

By Gloria Methri

Klarna has partnered with payments terminal firm Ingenico to expand its buy now, pay later service at in-store checkout. The partnership 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.

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 software development or deployment across a variety of terminal brands.

As a specialist in in-store payments acceptance solution, Ingenico is a technology partner for 1,000+ banks, acquirers, ISVs, payment aggregators and FinTechs and has some 40 million POS terminals in service around the world.

As Ingenico’s customers 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.

Kristina Elkhazin, Head of North America at Klarna said, “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 are 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.”

Giulio Montemagno, General Manager of PPaaS for Ingenico added, “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.”