The Nordic B2B electronics sector is undergoing rapid transformation. While consumer demand continues to grow, B2B buyers have long been hindered by outdated payment processes- slow approvals, rigid credit terms, and complex onboarding that fail to keep pace with the speed of modern business.
That’s why we’re thrilled to announce our partnership with Elkjøp, the largest consumer electronics retailer in the Nordics. Together, we’re transforming B2B payments across the region, setting a new standard for flexibility, speed, and convenience.
Bringing Modern B2B Payments to 400+ Stores
Elkjøp Nordic has chosen Two as their standard B2B payment solution and net-terms provider across Norway (Elkjøp), Sweden(Elgiganten), Denmark(Elgiganten), and Finland(Gigantti). Following a successful rollout in Sweden earlier this year, we’re now live across all four Nordic markets, serving business customers both online and in over 400 physical stores.
This isn’t just another payment integration. Elkjøp has adopted our complete B2B payment suite, which includes:
- Guest Checkout & Trade Account: Simplified one-time purchases or streamlined trade accounts for recurring orders.
- Flexible Payments Terms: Invoice terms upt to 60 days or instalment plas of 12-36 months.
- Instant Credit & Fraud Decisions: Automated risk assessments for faster approvals and secure transactions.
- Omnichannel Integration: A unified payments experience across Elkjøp's online platform and physical stores.
Morten Kleveland, Elkjøp Nordic’s B2B Director says: “Partnering with Two means Elkjøp is 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.”
Industry-Leading B2B Payment Technology Meets Electronics Retail
Most B2B buyers still face payment processes designed for a pre-digital era. Our partnership with Elkjøp changes this by delivering:
- Instant Credit Decisions: No more waiting - get approved in seconds.
- Optimised Credit Limits : Buyers get maximum credit from day one, without weeks of paperwork.
- Omnichannel Availability: Seamless payment experiences across online and in-store trade channels.
- Reduced Payment Friction: From one-off buyers to major electronics trade clients, our solution streamlines every transaction
As our CEO Andreas Mjelde explains: "This is about modernising how B2B retail operates, not simply just processing payments but improving efficiency for electronics sellers and the payment experience for buyers."
Setting New Standards for B2B Electronics Payments
This partnership establishes new benchmarks for what B2B electronics payments should deliver:
- Speed: Instant credit decisions and same-day approvals
- Flexibility: Multiple payment terms and instalment options tailored to business needs
- Scale: Seamless integration across online and 400+ physical retail locations
- Reliability: Enterprise-grade fraud protection and automated risk management
The success of our Sweden rollout and subsequent Nordic-wide expansion proves that when you give electronics businesses the payment flexibility and net-terms they need with instant approval, everyone wins. Electronics retailers see higher conversion rates and customer satisfaction, while B2B buyers get the seamless payment experience that matches their operational speed.
The Future of Nordic B2B Electronics Commerce
B2B payment volume in the Nordics is experiencing strong growth, while digital transformation continues to reduce manual processing and streamline operations. According to a 2025 report, the global B2B payments market is projected to reach $1.88 trillion by 2028, growing at a compound annual growth rate (CAGR) of 13.26%
Additionally, digital transformation is significantly reducing manual processing. A survey by OpenText found that 80% of companies reported improvements in their supply chains after digitizing B2B documents like invoices and shipment notices
Andreas Mjelde, CEO and Co-founder of Two shares: 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”
The timing for this partnership couldn’t be better. We’re proud to support Elkjøp’s vision of strengthening their B2B electronics offering while setting new standards for how electronics businesses buy and sell across Europe.
This collaboration represents more than a payment upgrade - it’s a fundamental shift toward making B2B electronics commerce as smooth and efficient as B2C transactions, powered by modern fintech solutions built specifically for today’s trade environment.
About Elkjøp
Elkjøp Nordic is the largest electronics retailer in the Nordic countries, with retail established in Norway, Sweden, Denmark and Finland, in addition to franchise operations in Greenland, Iceland and the Faroe Islands.
Elkjøp Nordic is part of Currys, a leading multinational consumer electrical and mobile retailer and services company, employing 24,000 people in six countries. Together the Group is the market leader in the UK & Ireland, and the Nordics
About Two
Two revolutionises B2B payments by making net-term selling as effortless as card payments. With offices across Oslo, Stockholm, Glasgow, London and New York, and partnerships with leading financial institutions, Two has become the trusted B2B payment enabler for companies throughout Europe.
Want to learn how Two can transform your B2B payment experience? Get in touch with our team to discuss your specific needs.
