Enactor Payments and Klarna integration now live!
As part of our continuous development of Enactor’s Digital Payment Service we’re pleased to announce our Klarna partnership and integration into Enactor Pay is complete and now available to Enactor customers.
With the digital payments market forecast to grow exponentially in the next five years, offering different payment options to the customer makes good business sense for retailers.
What is Klarna?
Klarna is the leading global payments and shopping service which allows customers to buy now and pay later (BNPL) for in-store or online purchases It provides short-term, zero- interest loans, giving consumers the opportunity to spread their payment across instalments. Enactor Pay now supports Klarna QR and Klarna Pay by Link.
Why give your customers the benefit of paying with Enactor Pay-Klarna?
Giving your customers a choice of how and when they pay is good for business.
1. Increased business and customer loyalty
Klarna boasts millions of customers around the world with a high percentage of those being repeat customers. Attract these customers and you’ll benefit from more repeat business in the future.
2. Reduce cart abandonment
Klarna allows customers to purchase a product they desire when otherwise they might not have had the funds at that time to do so. The retailer benefits from sales which otherwise they may have lost. Moreover you’ll always get your payment in full and upfront as the loan is managed by Klarna.
3. Larger shopping baskets
Research has shown that instant financing yields a higher average order as customers are more tempted to add items to their shopping basket knowing they are only paying a fraction of the cost up front.
4. Create a memorable customer experience
Klarna carries all the credit risk so the retailer doesn’t have to worry about fraud or financial risk. Instead the retailer can focus on giving their customers a smooth and enjoyable shopping experience that they will remember.
What’s next for Enactor Digital Payment Services?
With evolving market and consumer demands, we are building more capabilities and offerings into our omnichannel Enactor Pay platform to enable retailers to deliver new functionality into their stores quickly.
Retailers using Enactor Pay will soon be able to support other payment channels such as Visa Instalments and popular digital wallets such as PayPal, Venmo, WeChat Pay, Alipay, China UnionPay, Kakao Pay, Danapay, Gcash, and Alipay HK.
They will also be able to accept local payment schemes and traditional credit cards all on a single reconciliation.
With the rise of mobile commerce, mobile wallets will soon become the most popular online payment method.
Building Klarna into the Enactor Payments Portal means our retail clients can offer more flexible payment options and a better experience for their customers
– Peter Rylance, Senior Developer at Enactor