AMSTERDAM | Adyen and Klarna introduce invoice-based payment solution aimed for airline and travel merchants. It is the first of its kind available for airlines in Europe, making it possible for travellers transacting online to pay for their tickets via instalments. One of the first airlines to offer this payment option to its customers is SAS (Scandinavian Airlines), the largest airline carrier in Scandinavia.
Popular Alternative Payment Method
Invoicing is a popular payment method in Sweden and Germany, respectively accounting for a 21 and 11 percent share of all payments in each country. The new invoice-based payment solution from Adyen and Klarna enables online shoppers to pay for the full amount of their flight tickets up to 24 months after purchase. As Klarna assumes the full credit and fraud risks from the merchant, the solution provides a safe and simple way to extend the payment period without any additional risk being incurred by the airline.
Payment Solution specific for Online Travel Segment
“We are excited to deliver a payment solution that is developed especially for the travel industry and its specific needs. At Klarna we always strive to make online shopping simple and safe”, says Wilhelm Hamilton, Key Account Manager at Klarna. Adyen has been leading the way with innovation that has enabled airlines to lower costs while increasing check out payment conversion. Recent innovations for the industry include dynamic payment switching, Dynamic 3D Secure and payments at the point-of-sale – either on-board or prior to boarding.
'SAS first airline to offer instalment payments using Klarna'
“Adyen is delighted to partner with Klarna to offer merchants in the airline industry a payment method that has been popular amongst online shoppers for other types of purchases for some time,” explained Roelant Prins, CCO, Adyen. “SAS has become the first airline to offer instalment payments using Klarna and we are confident more airlines operating in the German and Swedish markets will adopt this new option in the near future.”
Adyen is a global provider of international and omni-channel payment solutions. Adyen holds full acquiring licenses for Visa, MasterCard, American Express, Diners, Discover and Union Pay schemes enabling its platform to process payments from any sales channels including online, mobile, and point-of-sale (POS). The Platform is highly scalable and can be completely customised to meet any merchant requirement. Adyen processes over 250 local payment methods and 187 transaction currencies used on six continents, making it the ideal partner for international expansion. Many high profile customers use Adyen including Groupon, Indiegogo, Wix, TomTom, Graze, Farfetch, Badoo, SoundCloud, Mango, KLM, CityJet, i-Parcel and Vodafone. Adyen is headquartered in Amsterdam, with offices in London, Paris, Berlin, Stockholm, San Francisco, Boston, Sao Paulo, and Singapore. The company processed more than USD 14 billion in payments transactions in 2013.
Sourced from Adyen, February 4th, 2013