Klarna announces partnership with Samsung Electronics
Under the new partnership, S...
Klarna has announced a new partnership with Samsung today, to provide Samsung.com customers with its pay-later services.
Under the new partnership, Samsung.com customers can pay for products in three new ways:
Purchase now and pay 30 days later
Buy now and spread the cost across three monthly payments
Buy now and spread the cost for up to four years
Along with today’s announcement, the Swedish bank announced that it is going to continue its support of the Samsung Flagship programme
Nick White, Online Director at Samsung UK & Ireland, commented: “At Samsung, we never shy away from big ideas and innovation, so it was only right that we partnered with a payments company that shares our values and vision. Klarna does exactly that — and its exceptional user experience for both new and existing customers will allow us to give online shoppers the most seamless experience possible.”
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Luke Griffiths, General Manager at Klarna UK, added: “We are delighted to grow our partnership with Samsung and to be working with a truly visionary and innovative global brand. By offering our payment options online, Samsung.com is showing its ongoing commitment to enhancing the customer experience through cutting edge technology in its retail offering.
“Whether buying a phone, TV or washing machine, Klarna will empower Samsung.com customers with greater flexibility over how, when and where they pay, to best meet their needs. We look forward to further developing this partnership and driving results for Samsung in a highly competitive market.”
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Tink partners with Novalnet AG for open banking payments
The Munich-based fintech Novalnet AG, which was founded in 2007 and is one of Europe’s leadingfintech companies, has announced a new partnership with Tink, the Swedish open banking platform currently connected to more than 3,400 European banks.
Novalnet AG delivers payment solutions and fully automated services, from checkout to debt collection. Its solutions are also available worldwide.
According to reports, the fintech company plans to launch a real-time payments feature for merchants across Europe, to expand its current services and enhance the transaction experience it operates through its platform.
The new feature, says Novalnet, will revolutionise payments for ecommerce with transactions being credited to merchant’s accounts almost instantly.
Novalnet partnership with Tink
By partnering with Tink for payment initiation services (PIS) technology, Novalnet will take previous region-specific payment methods and offer a new unified digital payments service to its merchants across Europe.
The fintech’s real-time merchant payments feature, which will be launched initially in Germany and the United Kingdom, will then be integrated across other European markets during 2021.
Speaking about the new collaboration, Emmanuel Kirse, COO of Novalnet, explained, "We expect great things from our strategic partnership with Tink, which is a significant development for both parties.
“With Tink, Novalnet can offer a new set of open banking-related solutions in Europe. The new opportunities offered by this partnership will help both Tink and Novalnet grow together, along with our merchants."
Cyrosch Kalateh, Regional Director for the DACH region at Tink said, “Our partnership with Novalnet is a big step for Tink in the German market, and we are excited to work together to bring new, innovative payments services to merchants across Europe.”
He added, “At the end of 2020 Tink committed to expanding its payment initiation services from five to 10 markets, fuelled by an €85mn investment round. We are proud to add Germany to this list by announcing we have now fully launched Tink’s PIS services in this market.”
Image credit: Novalnet AG