Digital River and Klarna Ink Multiple Online Payments Agreements
Offers merchants more online payment options and drives e-sales conversions
MINNEAPOLIS — Oct. 6, 2014 — Digital River, Inc. (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, today announced it has entered into multiple payments agreements with Klarna, a Stockholm-based payment provider. Through a partnership agreement, Digital River added Klarna Invoice to its portfolio of online payment options in Europe, including Austria, Denmark, Finland, Germany, Norway, Sweden and the Netherlands. As part of another agreement, Klarna is using the Digital River World Payments solution to process consumers’ credit card and online bank transfer payments through Digital River’s international payment gateway. In 2013, Digital River processed more than $30 billion in online transactions.
Klarna provides consumers a simple and safe way to make online purchases. With Klarna Invoice, consumers can buy items now and pay for them later by invoice or with flexible installments. This helps increase consumer buying power, especially for higher ticket items. When online merchants enable Klarna as a payment method, they get a significant improvement in their conversion rates.
“This new partnership presents multiple mutually beneficial opportunities,” said Souheil Badran, Digital River World Payments’ senior vice president and general manager. “By adding Klarna to our payments portfolio — which today supports over 190 international and local payment options — we can offer our clients even more alternatives designed to cater to buyer preferences and drive online sales conversions. By using Digital River’s international payments gateway, Klarna can offer its customers convenient access to world-class payment processing services.”
“By working with a global ecommerce and payments leader like Digital River, we have a single integration and point of contact that can support our continued geographic expansion. This integration enables us to speed our time to market as we continue to grow our business,” said Max Emilson, director of Global Partner Solutions at Klarna.
To learn more about the Digital River and Klarna partnership, read a blog detailing Klarna’s role in European’s “buy now and pay later” preferences.
About Klarna
Klarna was founded in Stockholm in 2005 with the idea to simplify buying. Today, Klarna is one of Europe’s fastest growing companies. In 2014, the company joined forces with SOFORT and formed Klarna Group, the leading European payment provider.
Klarna Group has more than 1,100 employees and is active in 16 markets. The company serves 25 million consumers and works with 45,000 merchants.
About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s multi-tenant, SaaS commerce, payments and marketing services to manage and grow their online businesses. In 2013, Digital River processed more than $30 billion in online transactions, connecting B2B and B2C digital products and cloud service companies as well as branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, read the Digital River Blog, follow the company on Twitter or call +1 952-253-1234.
Forward-Looking Statement
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce market; the ability of Digital River to support the Klarna partnership; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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