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Klarna and Sainsbury join forces

Friday 7 June 2024 14:19 CET | News

Klarna has partnered with Sainsbury’s PLC intending to see its payment methods available at the online checkouts of three brands: Argos, Habitat, and TU. 

 

As per the official announcement, shoppers will be able to choose from Klarna’s three interest free payments; pay immediately and in full with Pay Now, pay in 30 days with Pay Later or over three equal installments with Pay in 3. 

Officials from Klarna said that more than 20 million people in Britian already use Klarna. Now they have the ability to enjoy Klarna's flexible payment options at more of the stores they shop at. Argos, Habitat, and TU are known for reliability and value in Britian, making Klarna’s interest-free payment solutions a seamless fit.  

Klarna has partnered with Sainsbury’s PLC intending to see its payment methods available at the online checkouts of three brands: Argos, Habitat, and TU.

Klarna offers fair, sustainable payment and shopping solutions. Klarna’s credit products offer an alternative to traditional credit, with zero interest. The company conducts robust eligibility checks to ensure it only lends to those who are able to pay back, which is why 99% of its lending is repaid. More and more consumers are seeing the benefit of interest free buy now pay later, with total UK BNPL spend to amount to GBP 30 billion in 2024. 

Other recent news from Klarna 

In May 2024, Klarna had expanded in Slovakia with the Pay in 3 service. Leveraging artificial intelligence, Klarna's payment and shopping service would be available to Slovak customers through the Klarna application and at integrated retail partners' online stores. Pay in 3 allows consumers to split their purchases into three interest-free payments, with the initial instalment paid upfront and subsequent instalments billed every 30 days. This feature enables consumers to manage their expenses more evenly while receiving their goods before completing the full payment. 

In the same month, The Network for Electronic Transfers (NETS) Group entered a collaboration with Klarna to provide payment methods to its Nordic merchant customers. Through this partnership, Nets would integrate Klarna’s payment methods into its checkout for ecommerce merchant customers in the Nordic regions, including Sweden, Norway, and Denmark. In addition to requiring a single technical integration, consumers can pay with Klarna, having the ability to choose from a range of Buy Now, Pay Later (BNPL) and instalment products. 

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Keywords: BNPL, partnership, Klarna, payment methods, payments
Categories: Payments & Commerce
Companies: Klarna
Countries: United Kingdom
This article is part of category

Payments & Commerce

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Klarna

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