PAYMENTS

Klarna Launches Rewards Program and Pay Now in Nine New Markets

Klarna | February 23, 2022

Klarna_Launches_Rewards
Klarna, a leading global payment, retail bank, and shopping service provider, announces its plans for the international expansion of its two fastest-growing products across nine key markets. The program enables consumers to conduct immediate payments through Pay Now’s new payment method. Klarna ensuresto become go-to for any purchase services provider and offersrewards for consumers during every payment. The expansion of these products also enables the company to serve a broad range of fast-growing verticals and drive consumer loyalty and engagement. Consumers in the markets will manage their entire payments, redeem rewards and get access to a wide range of services in the Klarna App. 

Since the launch of Klarnain September 2020, its rewards program has expandedbeyond 4 million members in the US and Australia.Also, nearly 1 million members joined in the last quarter only. Klarna is also introducing "Missions" as another part of the international expansion of the rewards program.

Sebastian Siemiatkowski, CEO and co-founder of Klarna over this news, commented, "With the introduction of Pay Now, Klarna will offer consumers in more markets the choice to pay immediately and in full, alongside our sustainable, interest-free Pay Later services. From large purchases to everyday essentials like mobility services and entertainment, Klarna provides consumers with maximal choice, control, and flexibility in how they pay for every single purchase and rewards them for every payment they make on time."

Camilla Giesecke, Chief Expansion Officer at Klarna,also mentioned, "With our rewards program, we help consumers get more out of every dollar they spend and actively encourage consumers to pay for their purchases on time, making money management fun and engaging. Members of the rewards program have a 50% higher engagement with the Klarna App than non-members, demonstrating its effectiveness to build long-term loyalty and strengthening the Klarna App as a growth channel for our retailers."

Spotlight

A Utah-based fintech company, Atomic recently decided to partner with Galileo because of the customer overlap and because what they have built ties in nicely with what Galileo offers. Atomic's mission is to help the most financially vulnerable people in our society by enabling employment verification and direct deposit switch.

Spotlight

A Utah-based fintech company, Atomic recently decided to partner with Galileo because of the customer overlap and because what they have built ties in nicely with what Galileo offers. Atomic's mission is to help the most financially vulnerable people in our society by enabling employment verification and direct deposit switch.

Related News

CORE BANKING, FINTECH

Access Softek Launches EasyVest® YourChoice to Provide Community Financial Institutions with an Advanced Digital Investment Solution

Access Softek | December 05, 2022

Access Softek, an omnichannel digital banking provider, has launched EasyVest YourChoice, an integrated investment solution that gives users the ability to trade stocks, fractional shares, and mutual and exchange-traded funds from within a digital banking platform. Access Softek’s EasyVest YourChoice provides banks and credit unions with a solution that taps into the $73 trillion investment market that is typically addressed by large national banks, Fintechs, and investment firms. YourChoice positions community financial institutions with a competitive advantage over traditional financial institutions by integrating with online and mobile banking applications, growing and complementing a financial institution’s existing wealth management service. “Access Softek’s EasyVest YourChoice solution places community financial institutions at the forefront of a major industry shift, Big banks previously dominated the wealth investment landscape, but we are confident that our technology will place the power in the hands of the institutions who understand their consumers’ financial needs best.” -Chris Doner, founder and CEO of Access Softek Access Softek created EasyVest YourChoice to increase user digital engagement, retain existing users, attract new users (especially younger users), and to provide convenient access to a multifunctional investment solution within a digital banking platform. EasyVest YourChoice is a part of Access Softek’s Access Digital Investment Suite, which includes EasyVest Automated, a robo-advisor solution, and EasyCoin, a crypto investment solution. The solutions can be used standalone or in any combination as part of the more extensive Access Digital Investment Suite. About Access Softek, Inc. Access Softek is the trusted partner of credit unions and banks, providing comprehensive Access Digital suite of banking solutions that includes everything consumers and business owners need from the basics of online and mobile banking to account opening and lending, conversational banking, biometric authentication, real-time fraud prevention, automated investing, crypto solution that can be integrated directly into a financial institution’s digital banking platform, modern intuitive member UI/UX, and other innovative products. Today, over six million clients securely and easily manage their money using Access Softek solutions. Access Softek sets the standard for the omnichannel digital banking landscape, and for over three decades continues to deliver industry firsts and ensure reliable support from its Berkeley, California, headquarters.

Read More

PAYMENTS, FINTECH

Redeban Integrates Nuvei for Platforms Embedded Payments System

Nuvei | January 30, 2023

In a recent development, Canadian fintech firm Nuvei Corporation announced that major Colombian payment processor Redeban integrated the company's 'Nuvei for Platforms' embedded payments solution. After working with Nuvei for a long time, Redeban has now incorporated its 'Nuvei for Platforms' to help meet the merchants' payment needs. Businesses can now add payments to their own platforms by using this product, which is fully customizable. The solution was made for processors like Redeban as well as banks, large fintechs, e-commerce platforms, and marketplaces. With a single integration, Nuvei's core modular platform gives Redeban access to all its features, such as merchant onboarding, payments in and out, optimization, orchestration, fraud management, and risk management. Philip Fayer, Chairman and Chief Executive Officer of Nuvei, expressed that the company's new product, Nuvei for Platforms, is designed to aid businesses like Redeban in increasing their revenue through various payment methods. He stated, "We're increasingly finding that businesses look to us to help them drive innovation, grow their business, and better connect with their customers. With the rollout of Nuvei for Platforms we provide access to cutting-edge technology in an easy-to-integrate and flexible way that serves business needs both today and in the coming years." (Source – GlobeNewswire) Philip Fayer added, "We are excited to extend our partnership with Redeban and also really pleased with the interest we are seeing from businesses inside and outside of Latin America that want to know more about how Nuvei for Platforms can help them improve their customer experience." (Source – GlobeNewswire) About Nuvei Canadian financial technology firm Nuvei helps companies of all sizes save time and money. The modular, adaptable, and scalable technology of Nuvei enables market leaders to accept the next generation of payments, provide customers with a full range of payout alternatives, and take advantage of card issuing, banking, risk, and fraud management services. Nuvei delivers the technology and data for clients and partners to flourish locally and worldwide with one integration, connecting businesses to their customers in more than 200 markets with local acquiring in 45+ markets, 150 currencies, and more than 580 different payment options.

Read More

INVESTMENT MANAGEMENT, PAYMENTS

Mesh Payments Announces Expanded QuickBook Integration to Give Businesses More Control and Increase Automation for Spend Management

Mesh Payments | December 07, 2022

Mesh Payments, the finance automation platform that gives finance managers more control and leverage over their corporate spend, announced its expanded integration with QuickBooks, the popular accounting software from Intuit. The integration will be on display at QuickBooks Connect taking place in Las Vegas, December 7-9th at the Mesh booth. The expanded Mesh integration with QuickBooks gives growing and mid-market companies advanced functionality to help them scale. Mesh automatically codes 98% of transactions, virtually eliminating tedious and manual coding. Hundreds of Mesh customers are already leveraging the QuickBooks integration to close their month five times faster than before. "Mesh Payments syncs seamlessly with QuickBooks, so finance teams can streamline their entire workflow — from transactions to receipt collection to closing the books, Our integration with QuickBooks reinforces our mission to help companies, including mid-market companies growing with QuickBooks, maximize efficiency and cost savings with finance automation." -Oded Zehavi, co-founder and CEO of Mesh Payments The enhanced integration with QuickBooks enables business to: Accelerate finance automation: Mesh supports finance teams by automating redundant and time consuming processes, helping teams continuously sync between Mesh and the ERP and posting all transactions to the general ledger. Via the Mesh app or a dedicated Mesh email, Mesh automatically matches receipts to the right transaction and syncs directly with QuickBooks. Automatic receipt reminders means finance teams spend less time chasing after employees for outstanding receipts too. Streamline and sync across multi subsidiaries: Businesses can sync QuickBooks transactions across unlimited entities and take advantage of best-in-class subsidiary separation to eliminate the pain of wrongly synced transactions between subsidiaries. Close the month faster: The robust integration helps speed month-end closing with complete coverage across spend from vendor payments, employee spend, out-of-pocket reimbursements, multi-currency payments and multi-subsidiary syncing. Mesh offers integrations with leading ERP vendors including QuickBooks, NetSuite, Sage Intacct and others. About Mesh Payments Mesh Payments is a finance automation platform that gives finance managers more granular control and leverage over their corporate spend. Mesh brings innovation and automation to every corner of finance operations, and freeing up finance teams to focus on better managing day-to-day financial operations. Mesh was named to the CB Insights Fintech 250 list of the most promising private fintech companies of 2022 and the Accel Fintech 100 EMEA. Venture-backed and headquartered in New York City, Mesh powers some of the world's fastest-growing brands, including Monday.com, Hippo Insurance, Sezzle, Riskified and Snyk.

Read More