Payment Companies Ingenico and Klarna Ink a Global Strategic Partnership

Ingenico, a global leader in payments acceptance solutions, and Klarna, the global leader in the generational shift away from credit cards, announced a global strategic partnership that 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 lengthy and expensive software development and avoids the complexity associated with deployment across a variety of terminal brands.

As Ingenico's customers progressively 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're 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: "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."