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Klarna enters global opportunity with Clas Ohlson partnership

Leading Nordic retailer Clas Ohlson, now offers customers a Pay later option in the UK through Klarna

 

Today, Clas Ohlson adds the UK to its collection of markets served by Klarna’s checkout and Pay later offer. The expansion means Clas Ohlson can now offer its UK customers painless purchasing when buying smart, simple and practical solutions for their homes. Customers will then have 30 days to pay for their items with no interest or fees.

 

Klarna has been working with Clas Ohlson in Sweden, Norway and Finland since the launch of their new ecommerce platform in 2012 and launched in Germany last year. They have now decided to bring Klarna’s magic with them into the UK, with the aim of expanding the successful partnership further.

 

Since it was founded 100 years ago, Clas Ohlson has grown and evolved to become one of the strongest brands in retail in the Nordics. Clas Ohlson’s focus on simplifying life for its customers by delivering the best customer experience, combined with Klarna’s track record of delivering a smooth payments experience shoppers love, makes the development of the partnership a natural next step.

 

Luke Griffiths, General Manager at Klarna UK said: “We have spent more than a decade getting to know how people shop, so we know what matters to consumers. Our work with Clas Ohlson will help to streamline their online payments and bring the UK service into the same league as their existing markets. By extending our partnership into the UK, Clas Ohlson can bring the superior customer experience we provide, along with our insights into the shopping behaviour of their customers, right into the heart of online shopping central… the UK. We believe this extension is so good, it will make the neighbours jealous.”

 

Melissa Titshall, Head of Marketing and Ecom at Clas Ohlson UK, added: “Our ambition is to offer greater convenience to all of our customers, across all touchpoints, and introducing Klarna Checkout and Pay later in the UK is one step on our journey. We know from our other markets that Klarna has boosted conversions for our ecommerce business and we’re keen to see that success applied in the UK.”

 

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KASHFLOW AND YAPILY PARTNER TO SUPPORT SMES WITH DIGITAL BOOKKEEPING AND CASH FLOW MANAGEMENT

  • KashFlow continues its mission to provide SMEs and accountancy firms with software that keeps bookkeeping easy to understand and even easier to manage
  • Powered by Yapily, KashFlow will simplify bookkeeping and provide customers with one single source of truth when it comes to their financials; so they can focus on growing their business instead of complex bookkeeping
  • Yapily’s open banking API enables KashFlow customers to connect and access bank account information in near real-time, reducing the time spent on reconciliation

 

KashFlow, by IRIS Software Group, is today announcing it is working with leading enterprise connectivity platform YapilyThe partnership will enable KashFlow customers to gain real-time insight into their cash flow and provide them with a frictionless end-to-end bookkeeping service.

Running a small business is complicated, even before adding the effects of Covid-19 and Brexit into the mix. Business leaders need to be more flexible and adaptable than ever before. Not only enabling their staff to work flexibly, but also in terms of ensuring the critical, but often mundane, aspects of running a business are properly managed during these difficult times. The time for manual bookkeeping processes has gone.

Through partnering with Yapily, KashFlow customers can connect and extract account information all from within the KashFlow portal – providing them with one single source of truth about their business’ financial health. This removes the friction and inefficiencies involved with manual bookkeeping and provides customers with the insight they need to move forward with confidence into the year ahead.

Typically, bookkeeping has been a manual, tedious, but essential, task for business owners.The integration of Yapily’s open banking API enables KashFlow to improve its SME customers’ experience by removing the friction, which speeds up critical processes such as invoicing, reconciliation and payroll. With these critical, but historically complicated, tasks taken care of, business owners are free to focus on what they do best – growing their business.

 

JF Sullivan, Chief Product Officer for IRIS Software Group says, “By partnering with Yapily, our customers now have a far more efficient and secure way to manage their cash flow – which is of utmost importance in this current landscape of uncertainty.

“Yapily’s core infrastructure means KashFlow customers can now control their controllables with ease. Getting a single source of truth about their financial health so they know best how to prepare for what’s ahead. They can now move forward with confidence – and thrive – in the next normal.”

 

Stefano Vaccino, Chief Executive Officer for Yapily says, “Leveraging our technical expertise, we’ve been able to provide KashFlow’s customers – a large number of which are SMEs, critical to the UK economy’s recovery – with a better customer experience and crucial insight into their financial positions. Something that is needed now more than ever with the UK in a second national lockdown.

“Through partnering with KashFlow, we’re continuing our mission to expand the reach of open banking and bring its benefits to all small businesses. We believe open banking enables fairer and better financial services for everyone. We look forward to developing our partnership with KashFlow and IRIS Software Group to fuel greater financial accessibility for their customers.”

KashFlow, by IRIS Software Group, is an innovative online bookkeeping and payroll solution. It provides intuitive cloud-based accounting software for accountancy firms and SMEs, saving business owners both time and effort by letting them manage accounts anytime, anywhere.

The new collaboration further consolidates Yapily’s position as the backbone of open banking and the infrastructure that partners need to take advantage of its benefits.

 

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VIVA WALLET SUPPORTS E-COMMERCE GROWTH THROUGH ITS MARKETPLACE SOLUTION

Viva Wallet’s PSD2-compliant payment solution for online marketplaces removes the requirement for them to become licensed providers of regulated payment services. Viva Wallet is able to handle the streamlined processing of customer transactions through a PSD2-compliant escrow account that sits under Viva Wallet’s license.

 

The rapid rise of online marketplace platforms across Europe, which act as an intermediary for buyers and sellers, has dramatically changed how consumers order takeaway food, call a taxi, rent a room, and so much more. The global pandemic has made marketplace payment solutions even more of a priority for businesses looking to maintain and grow across digital platforms, as customers seek out ways to shop and pay hygienically and friction free. A recent study by Neilsen found that 44% of global consumers now shop online at least once a week, compared to only 9% before the pandemic.i

 

The Viva Wallet solution enables such transactions to be fully PSD2-compliant while ensuring that sellers/resellers using online marketplaces are paid quickly, safely, and transparently. At the same time, Viva Wallet offers APIs for acquiring, issuing and transfers, to improve overall compliance and platform growth.

 

In the era of open banking, integrating a Viva Wallet API on marketplace platforms also offers next-day payment settlements for all sellers, instant commission pay-outs for marketplace owners, as well as customizable checkout systems and payment pipelines, making Viva Wallet’s marketplace solution a particularly easy one to use for sellers and marketplace owners alike.

 

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