Chinese payments giant Ant Financial Services Group has picked up a minority stake in Sweden's Klarna, a leading global payments and shopping provider, as the pair deepen their partnership to provide more convenient financial services to consumers worldwide.
The investment will put more of Klarna's innovative solutions in front of consumers and merchants within the Alibaba ecosystem, the target said online today, without disclosing how much the Alipay operator injected or what size stake it acquired.
Last April, Expedia Group and Klarna announced they would collaborate to allow customers at Hotels.com, Expedia.com and ebookers to “travel now, pay later”. With Klarna, Expedia Group brands will provide customers the flexibility to pay over time. When planning the next holiday, travelers in Germany and the Nordics will no longer be required to pay in full at the time of booking, easing the financial burden of booking a holiday and creating an overall better experience of planning travel.
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