Visa and Klarna in "strategic partnership"

Visa and Klarna in “strategic partnership”

Visa is investing in Klarna, a Swedish payments and banking firm, and the two firms intend “to develop a future strategic partnership”.

Visa says the investment “is part of a global strategy to open up the Visa ecosystem and support a broad range of new partners”.

Jim McCarthy, EVP, innovation and strategic partnerships, Visa, says that “together, we share a vision for how today’s online and mobile commerce experiences can be as simple as they are in the real world”.

CEO and co-founder of Klarna, Sebastian Siemiatkowski, comments the partnership between the two firms is “a natural fit”.

“We both understand consumer credit and the value of consumer centricity in developing innovative payment solutions,” he explains.

Group hug!