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Klarna enters Austria

Press release   •   Jul 04, 2012 12:14 BST

Klarna, a leading European online payments service, today announced that they are expanding their business into a seventh European country. Klarna´s services will be available to e-merchants and consumers in Austria during the fall of 2012.

– Entering Austria is a natural step for our expansion in Europe. We have gained valuable experiences since our launch in Germany in 2010 and now we take our vision of a safer and simpler e-commerce to yet another country, says Sebastian Siemiatkowski, CEO and Group CEO of Klarna.

Since being founded in 2005 Klarna has expanded its business into six European countries: Sweden, Norway, Denmark, Finland, Germany and the Netherlands and from the fall of 2012 even into Austria, with a sales office in Vienna.

– The Austrian e-commerce has been developing very dynamically during the last couple of years. About 6 percent of the total retail is handled over the Internet, says Sebastian Siemiatkowski.

Klarna offers payment solutions for e-commerce that provide simple and safe payment on the Internet. Currently Klarna handles transactions worth €2.3 billion through 15,000 connected e-stores annually.

Klarna offers safe and easy-to-use payment solutions to e-stores in Europe and was founded in 2005 with the ambition to make e-commerce safer and simpler. At the core of Klarna’s services is the concept of after delivery payment, which lets buyers receive ordered goods before any payment is due. At the same time, Klarna assumes all credit and fraud risk for e-stores so that sellers can rest assured that they will always receive their money. Klarna’s vision is to enable trust and to offer a frictionless buying experience to buyers and sellers across the world. Today, Klarna’s payment solutions are integrated by more than 15,000 online shops in Sweden, Norway, Denmark, Finland, Germany, Austria and the Netherlands.