Stripe Grows Its Portfolio of BNPL Providers by Partnering With Klarna
Summary
With consumers eagerly embracing buy now, pay later payment options, Stripe Inc. on Tuesday announced it is partnering with BNPL powerhouse Klarna AB. The deal will enable Stripe merchants to offer Klarna BNPL loans to consumers in the United States and 19 countries throughout Europe. One advantage of offering BNPL is that the payment option can dramatically increase conversions and boost revenue for merchants, Stripe says. Together with Stripe, we will be a true growth partner for retailers of all sizes, allowing them to maximize their entrepreneurial success through our joint services,” Koen Köppen, chief technology officer at Klarna, says in prepared statement. “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,” Will Gaybrick, chief product officer for Stripe, says in a prepared statement.