Klarna to buy online payment company BillPay

News Hour:

Swedish payments firm Klarna, one of Europe’s most highly valued tech startups, said on Monday it is buying German online payment company BillPay, reports Reuters.

“Germany is one of the largest e-commerce markets in the world, and we are delighted to have strengthened our position here with this acquisition,” Klarna said in a statement.

BillPay has over 140 employees, offering services in Germany, Austria, Switzerland, and the Netherlands.

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