[December 18, 2017] |
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Divido and Digital River Partner to Help Global Ecommerce Brands Increase Revenue through Retail Finance
Divido, a retail finance platform based in the U.K., and Digital
River, Inc., a leading global provider of Commerce-as-a-Service
solutions, have today jointly announced their payments partnership. The
global partnership provides a solution that enables Digital River's (News - Alert)
global ecommerce clients to offer instant finance to their online
customers.
Creating a memorable and effortless shopping experience is key in
today's rapidly changing commerce landscape. One way that brands can
cater to this demand is by offering a retail finance payment option,
which enables customers to pay for online purchases over time,
interest-free. A recent survey of 2,500 Divido customers revealed that
40 percent of shoppers wouldn't have purchased their item if retail
finance hadn't been offered as a payment option, whilst 18 percent would
have purchased a less expensive alternative, reducing the brand's
average order value.
Divido works with merchants, banks and intermediaries to offer this
flexible financing to consumers at the point of sale. The solution
supports brands at every stage of the sales process from attracting new
customers and boosting conversion rates to increasing average order
values. By partnering with Divido, Digital River can offer the finance
solution to its wide range of global ecommerce clients, enabling them to
provide the online payment option for shoppers purchasing items with
high price points. For brands that implement the solution, their
customers can see a full breakdown of their finance offering, receive
credit approval and complete the online transaction in just minutes.
A joint client, who is a global innovator in smart mobile devices and
technology, has already experienced a 166 percent uplift in its
ecommerce conversion rates since implementing Divido's finance platform.
Moving forward, all of Digital River's high-tech ecommerce clients
serving shoppers in the U.K. and Germany will be able to integrate the
finance platform into their customer checkout process.
"Divido's leading technology allows global companies to offer its
solution to customers across the world through just one simple
integration," explained Christer Holloman, CEO and co-founder of
Divido. "This one-time plug-in enables Digital River to leverage our
solution across multiple currencies and geographies. The speed to
implement our seamless finance solution is one of many reasons why
Digita River chose to partner with Divido and extend the solution to
their global clients."
"Consumers are increasingly looking for flexibility and control in how
they pay online, particularly for high-ticket items,"
commented Eric Christensen, vice president of product - payments, fraud
and financial services for Digital River. "Our partnership with
Divido gives our global ecommerce clients the ability to offer a new
payment option that can help them increase customer loyalty and reach a
larger customer demographic. As the payments landscape continues to
evolve, we are committed to providing best-in-class solutions to help
our clients meet changing market demands."
While currently available in the U.K., Germany and the Nordics, Divido
will offer its unique finance platform to eight new countries next year
in order to expand global coverage for its merchants and partners,
including Digital River.
About Digital River, Inc.
With nearly 25 years of industry experience, Digital River has mastered
the ins and outs of global ecommerce. The company specializes in taking
high-tech brands direct to their customers, whether they live around the
corner or around the world.
Leading software and services, consumer electronics and digital game
brands rely on Digital River's advanced commerce cloud, monetization
tools and global ecommerce solutions to market and sell their products
online. From start to finish, Digital River makes it easy to manage
storefronts, take orders, process payments, automate subscriptions and
drive delivery. At the same time, the company works behind the scenes to
handle fraud, billing, taxes and compliance, so businesses and consumers
can shop with confidence and peace of mind.
Digital River is headquartered in Minneapolis with offices across the
U.S., Asia, Europe and South America. For more details about Digital
River, visit the corporate website,
read the Digital
River Blog, follow the company on Twitter or
call +1 952-253-1234.
About Divido
Divido is a retail finance platform that allows companies to offer
instant customer finance. This drives conversion at every stage of the
purchasing funnel; attracting new customers, increasing sales and
raising average order values. More than 500 merchants, banks and
partners are working with Divido including BMW, BNP Paribas and
Mastercard.
Through one integration, Divido connects multiple competing lenders,
delivering high accept rates and low fees. The platform is also
omni-channel, available online, in-store and via mobile, and works
across multiple countries.
Backed by the investors and people behind Skype, WorldPay and
TransferWise, Divido has been recognised by Google (News - Alert), Forrester and the
U.K. Government as leading innovation in the retail and finance
industries. To learn more about Divido, visit divido.com.
Digital River is a registered trademark of Digital River, Inc. All
other company and product names are trademarks, registrations or
copyrights of their respective owners.
Twitter (News - Alert) Tags: @DigitalRiverInc, @divido, #payment, #ecommerce
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View source version on businesswire.com: http://www.businesswire.com/news/home/20171218005985/en/
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