AfterPay and AltaPay enters into a strategic partnership, enabling merchants improved control of their consumer experience

AltaPay's merchants, a Valitor company, will now have the ability to offer their customers AfterPay´s invoice and credit based payments via AltaPay’s platform - when shopping online in the Nordics, Germany, Austria, Switzerland, Belgium and Netherlands.

Together, AltaPay and AfterPay can provide a flexible and scalable payment solution that will enable merchants to have better control of their customer journey without additional complexity or losing control of the checkout experience.

We are excited to launch a strategic partnership with one of the fastest growing omni-channel payment providers in Northern Europe. We see a strong consumer demand for AfterPay and our payment options when shopping. By joining forces with AltaPay merchants are now able to maintain in full control of their consumer experience, in all channels, while also providing their customers with their preferred payment options. All harmonised through one integration and one reporting format.” (Fredrik Gustafsson, Vice President Nordics AfterPay)

Retail is developing rapidly, and we see an increased demand from merchants wishing to create more reasons to shop with them over their competitors. AfterPay caters for this by placing the merchant brand in the forefront while allowing their partners to expand in Europe. At the same time consumers get a fantastic payment experience with AfterPay. We believe that this solution will empower merchants to see an increase in longtime sales and are happy to enter a partnership with AfterPay.” (Michael Juul Andersen, Vice President Sales, AltaPay)

About AltaPay

We make payments easy for pan-European retailers, so they can focus on meeting customer’s needs. We provide a single connection to receive payments across e-commerce, in-store and mobile. Our technology and services help merchants expand internationally, consolidate service providers, add or merge sales channels, and implement true omni-channel experiences.

Our unique approach to automation gives our customers full visibility over their transactions, takes care of compliance and offers fully reconciled settlement and cost information, saving time and money. AltaPay has the solution.

Based in Denmark, and with offices in the UK, we are part of Valitor – the group of companies that offers a single connection for payments of all kinds, from in-store, online and everything in between. Whether it is providing state-of-the-art issuing and acquiring platforms through Valitor, pan-European retail and omni-channel solutions through AltaPay or providing point of sale and loyalty services to UK merchants through our Chip & PIN Solutions brand, we always aim to be the preferred payments solutions provider in our chosen markets.

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About AfterPay, an Arvato and Bertelsmann company

AfterPay is a part of Arvato Financial Solutions and is one of Europe’s fastest growing Pay After Delivery providers. With AfterPay consumers have the freedom to choose where, when, how and what to pay through our flexible payment methods, regardless of the channel and device. AfterPay covers the risk of consumers not paying, thus eliminating credit and fraud risk for merchants.

Arvato Financial Solutions

The company has around 7,500 employees in 17 countries, including a strong presence in Europe, Brazil and the U.S, and offers flexible full-service solutions for the efficient, international management of customer relationships and cash flows. Arvato Financial Solutions is synonymous with professional outsourcing services centering on cash flow in all phases of the customer lifecycle – from risk management and invoicing to debtor management, the sale of receivables and debt collection. As part of this, the company focuses on minimising default rates in the business initiation phase and during the collection process. As a result, its services also include optimizing the selection of payment types internationally.

As a financial solutions provider, the company manages around 10,000 customers, specializing primarily in the retail/e-commerce, telecommunications, insurance, banking and healthcare sectors. This makes it Europe’s third largest integrated financial service provider.

The company is a leading supplier of credit information for the German insurance industry. In addition, Arvato Financial Solutions has been selected to build and operate the exclusive fraud data pool (HIS) for the German insurance association (GDV). Together with Inform GmbH the company has focused on intelligent fraud detection and fraud prevention (Risk Shield 360°) and is a leading supplier in this field for the insurance industry.