Two has gained a foothold in Sweden with a large client

Financial technology

Swedish e-commerce giant NetOnNet is now offering all B2B customers a payment solution from Norwegian fintech company Two.

NetOnNet sells electronics and products in related sectors to individuals and businesses, both online and in stores. Since May 2023, NetOnNet has offered business customers in Sweden a new payment solution from Norwegian fintech company Two. to

øsningen, which enables fast and secure invoice purchases without any ordering or registration, is now also available to Norwegian B2B customers.

– The new solution has clearly increased our conversion rate, both online and in physical commerce in particular, says Per Stridh, B2B Director at NetOnNet.

B2B Director at NetOnNet, Per Stridh, is very satisfied with the new payment solution:

The service provided by Two is very flexible for the customer, regardless of whether he is shopping in the store or online. The solution is based on three-step verification, where credit verification and power of attorney verification are done in seconds thanks to the automated and fast solution. There is a big difference from in the past, where credit checking was a manual step that took time. Verification is done at three levels, which means that the solution itself is safe for us as a retailer.

– We see in our data that many more people are choosing to shop by invoice today, compared to our previous solution, and invoice purchases are now almost as common as card payments. The new payment solution also made it possible for B2B customers to shop against a bill in store, which significantly increased our conversion in that channel. We also see it increasing customer flow as a large proportion of businesses choosing to pay with Two are new customers, says Per Stridh at NetOnNet.

Founders Andreas Melde say he sees NetOnNet as an ideal partner.

That Two has become one of the most popular payment methods for NetOnNet's business customers, demonstrating the need for fast, secure and flexible bill payment solutions for B2B customers, regardless of whether it's digital or physical commerce, he says.