Buy now pay later giant Klarna has selected Adyen as a global acquiring partner, responsible for collecting card-based payments from customers and their banks, and then delivering them to retailers and merchants - both in-person and online. Under the new closer relationship, Adyen, for the first time ever, assumes the role of acquiring bank on behalf of Klarna’s different consumer offerings, starting in Europe, North America, and Asia in 2024.
"The agreement is expected to simplify card payments for Klarna's 150m consumers and 500k retail partners globally."