Klarna Adds Adyen’s Acquiring Capabilities to Simplify Card Payments

Klarna has added Adyen’s acquiring capabilities to simplify card payments for its 150 million consumers and 500,000 retail partners globally. 

This agreement extends the companies’ existing global partnership in which Adyen offers Klarna’s suite of payment methods, the companies said in a Monday (Dec. 4) press release. 

Now, Adyen will assume the role of acquiring bank on behalf of Klarna’s different consumer offerings in Europe, North America and Asia in 2024, according to the release. 

“I am proud to say we are now joining forces in a partnership set out to simplify payments and shopping in our respective areas of expertise,” Pieter van der Does, co-founder and co-CEO at Adyen, said in the release. “Adyen’s financial technology platform combined with Klarna’s various consumer offerings will raise the standard of payments and consumer experiences worldwide.” 

Klarna’s payment and shopping solutions are designed to give consumers greater confidence and convenience when shopping and paying online and in-store, according to the press release. 

Adyen’s FinTech platform provides a single global solution that incorporates end-to-end payments capabilities, data-driven insights and financial products, the release said. 

The extended partnership of the two companies will help Klarna concentrate its efforts on delivering its shopping experience to consumers worldwide while Adyen’s technology makes payments easier in a global context, per the release. 

“Adyen, a world-class financial technology platform for businesses with global ambitions, aligns seamlessly with Klarna’s role as the preferred payments network and shopping assistant for consumers and retailers worldwide,” Klarna Co-founder and CEO Sebastian Siematkowski said in the release. “In our journey towards strengthening our global commerce offerings, Adyen will play an integral role as our trusted partner.” 

Adyen said on Nov. 8 that it is in the final months of its accelerated investment phase, having hired 175 full-time equivalents in the third quarter as it continued to focus on global expansion and scaling its tech operations. 

The firm was one of the few companies in the tech sector to buck the layoff trend last year, with a hiring spree that continued into 2023. Adyen said the growth has been necessary as it operates at an increasingly global scale.