Cross-border e-payment specialists PPRO Group has partnered with Swedish lender Klarna to offer risk-free credit-based payments to merchants across Europe.
The partnership will allow payment service providers (PSPs) to process credit payments through PPRO’s payment hub.
The service will be marketed to PPRO’s PSP customer base and will offer them access to Klarna’s services and consumers across Sweden, Norway, Finland, Denmark, the Netherlands, Germany, Austria, and the UK.
Klarna will assumes 100% of the risk as it will settle the payment to the retailer upfront after doing credit risk assessment.
These new payment options will also allow consumers to manage the terms of their payment, whether it is 14-day payment by invoice, by fixed or flexible instalments, spreading the cost over several months.
PPRO Group director of payment partnerships Jack Ehlers said: “We’re really pleased to add Klarna to our growing portfolio of 140 payment methods we already have on offer.
“Its flexible credit and financing option brings enormous benefit to buyers who want more control over payments and to merchants who want to increase sales and confidence in getting paid.”