Elkjøp partners with Two to enhance Nordics retailer's B2B payments and customer onboarding

Elkjøp, a consumer electronics retailer in the Nordics (and part of Currys), has partnered with Two on its B2B payments and customer onboarding (KYB).

Two now powers Elkjøp’s standard solution for B2B purchases on invoice/net terms across Norway, Sweden, Denmark and Finland, as part of its broader payment suite.

After a roll-out in Sweden in April this year, it has launched across all four Nordic markets, complementing existing options such as card, Vipps MobilePay, bank transfer and leasing.  

Two integrates with Elkjøp’s existing instant onboarding flows, and adds features such as guest checkout for ad-hoc buyers, optimised credit limits, and more tailored payment options. Credit limits are optimised from day one and buyers can choose flexible invoice terms (14–60 days) or instalments up to 36 months.

Elkjøp becomes Two’s largest Nordic retail client to date, and the first to adopt its entire product suite, which includes Guest Checkout for quick single purchases, Trade Account tailored for repeat buyers, and Instalment Payments, allowing customers to spread the cost of their purchases over manageable monthly payments.

Two CEO Andreas Mjelde says: “Our partnership with Elkjøp marks a milestone for Two and a leap forward for B2B commerce in the Nordics. By adopting our full payment suite, Elkjøp is now equipped to offer business customers instant onboarding, high credit limits, and flexible terms tailored to their needs. This is about modernising how B2B retail operates, not simply just processing payments but improving efficiency for sellers and the experience for buyers.”

Morten Kleveland, Elkjøp Nordic’s B2B Director, says: “Partnering with Two means we are increasingly able to offer our B2B customers market leading credit solutions, including great limits, highly secure purchase verifications, several net terms options, and part-payment.”

“This is an important step towards providing our B2B customers with seamless purchase experiences both online and in-store, matching their credit needs - and Two’s solution means Elkjøp’s focus is on our core business, and not credit assessments.”

2025 RTIH INNOVATION AWARDS

Payments will be a key focus area at the 2025 RTIH Innovation Awards.

The awards. which are now closed for entries with our finalists and shortlists being announced this week, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering. 

For further information on the 2025 RTIH Innovation Awards, please fill in the below form and we will get back to you asap.