The Nordics have a long tradition of an invoice culture where consumers receive goods and pay by invoice afterward, and Denmark is no exception. Walley is a Collector Bank-affiliated pay-later and installment method built for this culture, and unlike large BNPL providers that have expanded pan-European, it is distinguished by offering a checkout experience tailored to Nordic consumers alongside a B2B invoice option.

This is worth considering not only for B2C pay-later to Danish consumers, but for Korean merchants who need to offer invoice payment to local business customers — for example, those selling business supplies or software into the Nordics. If your goal is to broaden consumer pay-later coverage, it is best to first work out the division of roles with Klarna.

When the consumer (or business buyer) selects Walley's pay-later option, an invoice or installment schedule is issued after a credit check, and Walley handles collecting the payment. The merchant's settlement funds are received by Hecto Financial in DKK, then converted and paid out in whichever of USD, KRW, or JPY was selected at the time of contracting. Because there is a chance of the credit check being declined, your checkout needs to be designed to also present alternative payment methods.

As a Nordic pay-later method, it is safest to confirm the scope of B2C and B2B invoice option support through Hecto Financial before adopting Walley. Credit-check criteria, the settlement cycle, and fees vary by the merchant's industry, transaction volume, and customer type (consumer or business).

• Business registration country

  Confirm whether a contract is available under a Korean business registration

• Sales channels

  The integration method and priorities differ depending on your online sales channel mix, such as an owned storefront, open marketplaces, or a mobile app

• Product categories

  Check in advance whether your products fall under a restricted category under Walley's merchant policies

• EU regulatory compliance

  Confirm compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)

Revenue from Denmark occurs in DKK, and Hecto Financial receives and converts it before settling with the Korean merchant in one of USD, KRW, or JPY. Because invoice payments involve adjusting the invoice amount when a return occurs, be sure to align your invoice adjustment process with EU return regulations, including the 14-day right of withdrawal, before signing the contract.

• Danmarks NationalbankOfficial information on Denmark's payment systems and related regulations. If this page's content differs from actual regulations, the official source takes precedence.