Klarna launches Pay Now immediate payments

Pay Now is launched alongside a package of consumer-focused changes across the UK consumer payments industry. Central to this, Klarna has begun to leverage its Open Banking services, already connected to over 6,000 banks across 20 countries, to help support real-time lending decisions. 

Klarna offers a range of payment and shopping services, and its ‘Pay Now’ immediate payment option is used globally. Klarna’s UK payment and shopping options will now be consistent with those offered globally across 20 markets, giving consumers more choice and control over how they pay.

Klarna has recently further strengthened the language visible at check-out to clarify that BNPL options are credit products, with consequences for missed payments. It has also worked together with the consumer group Fairer Finance to ensure that Terms & Conditions are clear, simple and easy to understand.