US and UK Klarna users now have the option to use Klarna's installment plan for in-store Apple Pay transactions.
Klarna Expands Partnership with Apple Pay for In-Store Purchases
Klarna, the popular buy now, pay later service, has expanded its partnership with Apple Pay, making its flexible payment offerings available to eligible users for in-store purchases on iPhone. This move is another step towards making Klarna a common choice for payments, both online and offline.
The expansion builds upon last year's partnership that brought Klarna's offerings for online and in-app purchases. Now, customers can view their available Klarna installment plans when paying with Apple Pay in eligible countries and regions. These include Germany (Klarna Pay Later), Austria, and the Netherlands for some Klarna services. However, broader regional availability depends on the country supporting both Apple Pay and Klarna payments.
Sebastian Siemiatkowski, Co-founder and CEO of Klarna, stated that this move makes Klarna part of everyday spending for millions of consumers. He added that the company's aim is to make its commerce network available at every checkout.
Klarna's flexible payment offerings include options like pay later in installments with no interest. Customers can choose their preferred Klarna installment plan and complete the payment process through Apple Pay. The company's underwriting process is applied before approval to ensure responsible lending, with no impact on the customer's credit score.
Apple Pay on iPhone or iPad provides an easy, secure, and private way to pay. When using Apple Pay, customers can select Klarna at checkout for a flexible payment option. Apple does not retain transaction information linked to the user when a Klarna installment plan is used with Apple Pay.
In the U.S., Apple Pay users can choose from Pay in 4, Pay Later, or Financing for larger purchases. In the UK, customers can opt for Pay in Full, Pay in 3, or Pay Later. Additional terms may apply when using Klarna with Apple Pay.
Software requirements apply for using Klarna with Apple Pay. The availability of Klarna's payment options varies by market. Klarna offers shoppers a fairer alternative to traditional credit cards, aiming to make its service part of everyday spending for consumers. The company's commerce network is expanding, with the goal of being available at every checkout.
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