back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Klarna announces its official launch in Ireland

By Joy Dumasia

November 09, 2021

  • BNPL
  • Europe
  • FinTech
Share

Klarna, the global retail bank, payments and shopping service with 90 million users globally, officially launches in Ireland today, empowering Irish consumers with a better shopping experience and greater control, transparency and choice over how they pay. Irish consumers will be able to shop online and split their purchases into three interest-free equal payments (‘Pay in 3’) through both the Klarna app and directly via integrated partner retailers. 

Klarna’s launch of an interest-free and fee-free alternative to high-cost credit comes as Irish consumers shift from credit cards to debit for most of their day-to-day spending. Spending on debit cards grew three times faster than credit cards between 2015 and 2020. In the Klarna app, Irish consumers will be able to ‘Pay in 3’ at any online store, regardless of whether they are a Klarna retailer or not, thanks to the innovative ‘Shop Anywhere’ function. 

Similarly, consumers who use Klarna at a partner retailer’s online checkout will be able to split their purchases interest-free. With a range of domestic and international retailers including Gym + Coffee, Perspective, Yummie, Cult Beauty, Greene’s Shoes, Luna by Lisa and Yours Clothing all teaming up with Klarna, consumers will benefit from greater control, transparency and choice over how they pay.   

Klarna’s launch will help Irish merchants, both big and small, adapt to a shifting retail landscape enabling them to improve their customer experience in response to changing consumer preferences whilst accessing a much wider community of global consumers. 

Sebastian Siemiatkowski, Klarna’s Co-Founder and CEO, said: “Ireland is a really exciting market for us, as people turn away from credit cards. As the older-style financial institutions exit the market, we’re here to create more competition, which is in the best interest of the consumer. At Klarna, we believe that everyone deserves a better way to shop and pay, with more control, choice and flexibility. Traditional high-cost models like credit cards are built on charging interest and late fees to the rest. That’s why we offer flexible, transparent and fair payment options without charging interest or fees.”  

Previous Article

November 09, 2021

Wilshire and Rayliant collaborate to develop New Generation of Quant strategy indexes

Read More
Next Article

November 09, 2021

Thunes announces partnership with Finastra

Read More










IBSi Daily News Analysis

The Weekly Wrap

August 19, 2022

BNPL

The Weekly Wrap: all you need to know by Friday COB | August 19th

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

August 19, 2022

6 FinTech Tweets you should see!

Read More

August 19, 2022

PalmPay launches Wallet Safe Workshop to spread payment security awareness

Read More

August 19, 2022

Bond Financial Technologies launches new Credit Builder Card

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022