Alipay is partnering with Klarna and Adyen to offer a 'Pay later' option at checkout on AliExpress:
with Sweden-based online checkout solution provider Klarna and Dutch payments technology firm Adyen to offer Klarna's"Pay later" option at checkout on Alibaba-owned marketplace AliExpress. While the solution is Klarna's, Adyen will act as the payment provider that enables Klarna's proprietary solution on the marketplace.
Shoppers can use the solution to test and return items before paying, and make purchases with one click. This payment option is popular among customers and can allow AliExpress to boost its sales: Retailers who have offered Pay later have boosted their average order value by an average of. Klarna will also simplify the checkout process: After a shopper uses Klarna once, they will be able to check out with a single click for subsequent purchases.
The companies intend to expand the partnership to more markets throughout the year.AliExpress is particularly popular in Russia, Israel, Spain, France, the US, Brazil, and Poland — giving the partnership plenty of room to flourish.Access to AliExpress' network, which covers over 220 countries, could allow both Adyen and Klarna to accelerate their growth initiatives.
Adyen can continue to scale and compete more effectively with major processors like PayPal, First Data, and TSYS. Adyen has been scaling its business and building out its services since it
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