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Klarna completes acquisition of payments company BillPay

Klarna has announced the completion of the acquisition of the Germany-based online payment company BillPay, expanding its services in region.

Due to this acquisition, the two companies will operate in Germany, Austria and Switzerland, and will be able to offer merchants and users payment options in more international markets in an increasing cross-border ecommerce environment. The acquisition is subject to approval by the Federal Financial Supervisory Authority in Germany.

The German online payments company was founded in 2009; with its headquarters in Berlin, it offers services and products in Germany, Austria, Switzerland and the Netherlands.

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