Checkout.com expands to Southern Europe

Cloud payment provider Checkout.com has announced the launch of its Barcelona office which will serve as headquarters for operations across Southern Europe, including Spain, Portugal, Italy, and Greece.

The company said that the global coronavirus crisis has accelerated the adoption of e-commerce across the region.

Checkout.com already serves as the payment provider for several leading e-commerce businesses in Europe, including Mango, Farfetch, Glovo, and Klarna.

It said that while Southern European countries are seeing eased restrictions, e-commerce adoption is expected to continue accelerating, with growth projected at 17 per cent to 153 million customers in the next three years.

According to Checkout.com, Spain is anticipated to have the highest growth rate, with 35 million customers turning to online services by 2024, representing a 25 per cent increase.

“We’ve witnessed explosive growth across the region, with more merchants investing in their e-commerce strategies to serve an emerging online market segment,” said Antoine Nougué, head of Europe at Checkout.com. “The localisation of our proposition to the market removes payments as a barrier to scale for fast-growing online businesses, allowing them to unlock more revenue opportunities and serve customers a frictionless checkout experience.”

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