Arvato Financial Solutions Acquires Dutch Payment Service Provider Afterpay
Arvato Financial Solutions is taking over the Dutch payment services provider "AfterPay." The company, which the Arvato subsidiary has cooperated with for the past two years, is a provider of "pay after delivery" payment solutions for online retailers. Payment after delivery, for example by open invoice, is a preferred payment method for online consumers and leads to significantly higher sales for merchants.
"Our vision is to support our customers – even internationally – with all the necessary and useful risk management solutions in an integrated way. The acquisition of AfterPay enables us to offer customers the popular payment method of open invoice with payment guarantee in Europe. Especially after the successful cooperation with AfterPay over the last two years, we are certain that the acquisition of AfterPay was the right step toward having a comprehensive presence in Europe," explains Michael Weinreich, Member of the Executive Board of Arvato AG and responsible for the solution group of Arvato Financial Solutions, in justifying the takeover. "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."
"We handle the entire processing and risk management of digital open invoice transactions in a consumer-friendly way. This allows our online clients to focus on their retail business," explains Stefan van den Berg, Managing Director of AfterPay. "We see ourselves as partnering with merchants will work with the AfterPay team to develop new innovations to provide online consumers a pleasant shopping experience and strengthen the position of our customers," adds Michael Weinreich.
As the founder and CEO of AfterPay, which has reached a leading market position under his leadership, Stefan van den Berg will be responsible for the joint activities in the Benelux countries.
