Global financial platform Adyen is entering into a partnership with Kvika's subsidiary Straumur, a payment provider in various sectors of the Icelandic market.。Straumur currently handles around 25% of payments in Iceland, serving 1,700 merchants through on-site payments, e-commerce and apps.。

Adyen becomes card-collecting bank in Straumur

As part of the partnership, Adyen will act as a bank card acquiring bank operated by Straumur, with the aim of simplifying and improving payment processes for merchants and end consumers in Straumur.。Adyen's role is to integrate payment data across all sales channels, marketplaces and consumers into one unified platform.。

Tobias Lindh, Managing Director, Nordic and Baltic Regions, Adyen, said: "At Adyen, we are proud to be working with partners who are driving the development of the payments industry, so we are excited to enter the Icelandic market and work with Straumur as their acquiring bank.。The combination of their local payment processing services and our financial technology platform will ensure that consumers across Iceland can enjoy more convenient, safer and more seamless payment services。"

Through integration, Straumur can leverage Adyen's unified commerce capabilities to increase customer insight and improve customer journeys and experiences across a variety of consumer commerce channels。

Lilja? lafsdóttir, Managing Director of Straumur, said: "At Straumur, we are committed to providing our customers with outstanding payment solutions that go beyond traditional payment processing - we are partners with our customers and want to help them grow.。Partnering with a new and powerful transaction acquirer enables us to improve our technical capabilities and significantly expand our service offerings。"

Adyen to become Klarna's buy-out bank

Earlier it was reported that Adyen had expanded a decade-long partnership with Klarna, an AI-powered global payments network, to streamline global payments.。From 2024, Adyen will be the acquiring bank for Klarna's consumer payment products in Europe, North America and Asia.。

The partnership aims to boost Klarna 1.The payment experience of 500 million consumers and 500,000 merchant partners。Options such as Klarna's interest-free installment plan will benefit from Adyen's ability to acquire。Although Adyen's revenue fell fivefold in the first half of 2023, its net income increased by 2.US $831.7 billion, the cooperation between the two sides is expected to improve global payment standards and consumer experience。