Walmart Canada has partnered with Klarna to offer flexible payment choices at over 400 Walmart Canada locations, enabling customers to use BNPL options both in-store and online.
In addition to using the Klarna BNPL solution on Walmart.ca and the mobile app, Walmart Canada customers can use Klarna to pay in-store via QR code at assisted checkout lanes, choosing between Pay in Full for a one-time payment or Pay in 4 to split purchases into four interest-free installments for purchases over USD 36. Customers scan a QR code displayed on the POS screen at checkout with their mobile device, making everyday purchases more flexible, transparent, and under their control.
Walmart Canada started working with Klarna in 2023, offering a flexible BNPL payment option for Canadians shopping online. The service was available at checkout on Walmart.ca and through the Walmart Canada and Klarna mobile apps. These solutions aimed to give users more payment choices and flexibility, as well as the ability to save money and manage their funds more securely and efficiently.
Klarna’s BNPL service allowed Walmart Canada’s customers to split their purchases into four flexible, interest-free payments over six weeks. This aimed to give users a more convenient and accessible way to shop for what they need.
The growing demand for BNPL options in Canada
The demand for BNPL is increasing among Canadian consumers as preferences shift toward flexible, better-value payment options. The BNPL market in Canada is projected to grow by 12.0% annually, reaching USD 7.50 billion by 2025. It experienced strong growth from 2021 to 2024, with a CAGR of 19.7%. By the end of 2030, the BNPL sector is forecasted to grow from USD 6.69 billion in 2024 to around USD 11.32 billion.
