arvato Financial Solutions, a global provider of integrated and value-based management, has acquired Dutch "pay after delivery" payment service provider AfterPay.

As part of the acquisition, arvato will be able to offer customers the payment method of open invoice with payment guarantee in Europe.

The deal will allow AfterPay to manage the entire processing and risk management of (digital) open invoice transactions and enable their online clients to concentrate on their retail business.

Additionally, AfterPay is now planning new partnerships to develop multi-channel innovations across the payment concept pay after delivery to offer new shopping experience for online consumers.

Through this deal, AfterPay will be able to strengthen its current services, deliver cross-border payment solutions throughout Europe and provide new financial services to its online retailers.

arvato AG member of the executive board, Michael Weinreich, said: "Now we are able to support our customers in all relevant markets safely and reliably from a single source with the outstanding risk management and execution capability of arvato Financial Solutions."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

AfterPay managing director, Stefan van den Berg, added: "We see ourselves as partnering with merchants by helping them to increase conversion and sales."