back Back

Klarna launches Shopping app to enable users to Pay in 3 at online shops

By Megha Bhattacharya

June 07, 2021

  • Australia
  • Klarna
Share

Klarna today announced the launch of its Shopping app, in a bid to enable users to Pay in 3 in any online shop directly through the Klarna app, without ever paying more than the price of the product. This new Shopping feature allows UK Klarna users to shop at any online retailer and split the payment into three interest-free instalments. It will also integrate monthly budgets and personal spending limit functionalities for users to set and remain in control of their spending.

The feature is already live in other markets including the US, Australia and Sweden. The app is available to download for iOS and Android mobile devices today.

Sebastian Siemiatkowski, CEO of Klarna said, “At Klarna, we believe that no-one should ever have to pay credit card fees or high interest rates and now, thanks to our new in-app shopping feature, they don’t have to. Shoppers now can interact with their favourite retailers without having to leave the Klarna app, to create a smooth, safe and frictionless shopping experience. Our one stop shop app is the future of shopping, it creates a truly personalised and bespoke service for every user and liberates consumers from ever paying more than the price of the product.”

The launch of Klarna’s new shopping feature comes during Klarna’s prominent #WhyPayInterest advertising campaign. The campaign highlights the difference between buy now pay later products and credit cards, challenging the outdated credit model that saw Brits pay £5.7 billion in credit card interest and fees in 2020 alone.

Previous Article

June 07, 2021

British Business Investments announces £50m commitment to Apera Asset

Read More
Next Article

June 07, 2021

Worldline and Toshiba expand partnership to enhance payment experience

Read More









IBSi Daily News Analysis

December 08, 2023

Australia

Most consumers seek safer, easier payment verification, research reveals

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

Today

FreedomPay & Citi partner to offer payments choice at checkout

Read More

Today

HitPay expands payment network in Singapore, Malaysia, and the Philippines

Read More

Today

NBK unveils prepaid card in partnership with Qatar Airways & British Airways

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£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 2023