Klarna leaps forward in Austria with mPAY24

STOCKHOLM - VIENNA | Klarna, Europe’s leading provider of invoice-based payment solutions for online merchants, is taking another successful leap forward in the Austrian market. The company, which has been active in Austria since fall 2012, further strengthens its local presence through a strategic cooperation with payment provider mPAY24.


Klarna Invoice 

By bringing Klarna into its portfolio mPAY24 enables online shops to easily implement ‘Klarna Invoice’ as a payment option into their system. Klarna takes on the full risk of payment default and fraud for the merchant. “With Klarna we are able to offer our clients another attractive payment option” Tom Wolf, CEO of mPAY24, proudly commented on the extension.


Preferred Payment Method in Germany, Austria and Switzerland 

Online shoppers perceive invoice payments as very safe and pleasant to use. A recent study by the Cologne-based E-Commerce Center (ECC) identifies payments via invoice as the most popular way to pay online (ECC study on the online payment market in Germany, Austria and Switzerland from the consumer’s perspective, based on 1978 surveyed internet users, December 2012).


Pay After Receipt

“With ‘Klarna Invoice’ online shoppers are able to purchase safely and simple. They pay only after they have received their goods and will not be asked for sensitive data. Meanwhile, Klarna takes on the merchant’s payment default and fraud risk”, explains Robert Hadzetovic, Country Manager Klarna Austria. Online merchants, who have already implemented ‘Klarna Invoice’, report sales increases of up to 30 percent.


Payment provider mPAY24

Payment provider mPAY24 is a payment platform for online merchants that offers the entire range of online payment systems – ranging from cedit and debit cards to banking systems, online banking, prepaid cards to direct withdrawal and invoice payments – in one interface. Payment-relevant data is verified with the respective payment system provider within seconds. All payment systems for online shops are perfectly suitable for e-commerce, mobile commerce, CallCenter, Charity, Gaming and ticketing systems.


65 million transactions by 10 million customers

With 10 million online shoppers that now use Klarna’s services, the company has developed rapidly into one of the most trusted online payment providers in Europe. Currently, Klarna handles an annual transaction volume of roughly 1.8 billion Euros through 15.000 merchants – with a total of 65 million transactions so far.


Article sourced from Klarna, October 3rd, 2013.



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