Billie, the leading provider of Buy Now, Pay Later (BNPL) payment methods for businesses, and Klarna, a leading global retail bank, payments, and shopping service, have announced the launch of a new partnership.
Online stores from across the world will be able to offer their business customers Billie’s BNPL payment methods through existing Klarna integration.
Through the cooperation with Billie, Klarna expands its own product offerings so that online merchants, in addition to Klarna’s own various payment methods for customers, will be able to offer Billie’s BNPL payment methods for businesses.
Both companies plan to launch Billie’s BNPL payment methods for Klarna merchants in Germany, in the first quarter of 2022, which will then be followed by a roll-out to other European markets.
“We are now at the cusp of significant disruption in B2B payments. Over the past few years, we have seen Buy Now, Pay Later payment methods increasingly replace traditional payment methods such as credit cards in the consumer segment. We are now seeing a similar trend in the business sector. BNPL is on the rise and continues to gain importance over traditional payment methods in the B2B segment, a development similar to the credit card revolution more than 30 years ago. However, until now, there aren’t any providers that offer the payment method in a fully automated way, and with a modern user interface, the way Klarna does for the B2C segment,” says Christian Grobe, co-founder and co-CEO of Billie.
“Through our partnership with Billie, we are expanding our product range to include an important area that is in demand by many of our merchants but not yet adequately served by us — for them as businesses and how they pay online. Klarna is the first payment provider able to offer merchants such a service, one which will be as seamless and secure as existing consumer offerings. Klarna is extremely well placed to serve over 250,000 of our merchants in this way and now together with Billie’s outstanding B2B product offering, it is a perfect complement,” says Koen Köppen, CTO of Klarna.
