Invoicing is a popular payment method in Sweden and Germany, respectively accounting for a 21 and 11 percent share of all payments in each country. The new invoice-based payment solution from Adyen and Klarna enables online shoppers to pay for the full amount of their flight tickets up to 24 months after purchase. As Klarna assumes the full credit and fraud risks from the merchant, the solution provides a safe and simple way to extend the payment period without any additional risk being incurred by the airline.
“We are excited to deliver a payment solution that is developed especially for the travel industry and its specific needs. At Klarna we always strive to make online shopping simple and safe”, says Wilhelm Hamilton, Key Account Manager at Klarna.
Adyen has been leading the way with innovation that has enabled airlines to lower costs while increasing check out payment conversion. Recent innovations for the industry include dynamic payment switching, Dynamic 3D Secure and payments at the point-of-sale – either on-board or prior to boarding. In 2013, Adyen started working for 12 new airlines including Transavia, Monarch Airlines, EL AL, Avianca Brazil and Cityjet, bringing its airline customer portfolio to 20.
“Adyen is delighted to partner with Klarna to offer merchants in the airline industry a payment method that has been popular amongst online shoppers for other types of purchases for some time,” explained Roelant Prins, CCO, Adyen. “SAS has become the first airline to offer instalment payments using Klarna and we are confident more airlines operating in the German and Swedish markets will adopt this new option in the near future.”