In-store shopping remains the primary channel for consumers, and by 2025 in-store sales are expected to continue to account for almost three-quarters of total retail spending worldwide[1]. Yet rolling out new solutions to in-store payment devices has traditionally been complex and expensive, hindering innovation and slowing down the deployment of new services. PPaaS enables its clients such as banks and merchant acquirers to select from a catalogue of payments and value-added services without the need for lengthy and expensive software development and avoids the complexity associated with deployment across a variety of terminal brands.

As the global leader in payments acceptance solutions in store, Ingenico is a trusted technology partner for 1,000+ banks, acquirers, ISVs, payment aggregators and fintechs and has some 40 million POS terminals in service around the world, serving retailers ranging from small merchants to some of the best-known global brands. As Ingenico’s customers progressively deploy PPaaS across their estates, Klarna will leverage this deployment to extend the ability of consumers to use Klarna’s interest-free alternative payment solutions at a variety of physical retail locations.

Kristina Elkhazin, Head of North America at Klarna said: “Historically, change in the in-store payments experience has been slow. We see Ingenico’s PPaaS as a significant accelerator that will allow us to bring Klarna’s innovative payment solutions wherever customers want to shop, including on the shop floor. We’re excited to bring retailers the confidence they have come to expect in payments that are processed on their existing infrastructure as well as the necessary integrations with other parts of their retail technology.”

Giulio Montemagno, General Manager of PPaaS for Ingenico who is in New York today for NRF 2023 added: “Digital commerce has made online shopping a daily habit for millions of consumers around the world. The flexibility, ease, and speed of online shopping experiences is now transforming how consumers expect to shop in-store. How people pay is very much at the center of this transformation. Klarna has been an industry innovator in extending payment options to consumers online, and now it’s doing that in-store. This brings value to consumers and retailers alike, and we look forward to enabling Klarna payment options at the point of sale for clients in our different markets.”