back Back

Klarna signs deal with Sainsbury’s for interest-free BNPL payments

By Gloria Methri

June 10, 2024

  • Argos
  • BNPL
  • Europe

Klarna, Mobile Payment Solutions, In-store Payments, Mobile Wallet, QR-based Payments, BNPL, Sainsbury’s, Installment Payments, FinTech, UKKlarna has partnered with Sainsbury’s PLC to make its payment methods available at the online checkouts of Argos, Habitat, and TU, which sell homeware, clothing, and gadgets.

Shoppers will now be able to choose from Klarna’s three interest-free payment options: Pay immediately and in full with Pay Now, pay in 30 days with Pay Later or pay in three equal instalments with Pay in 3.

David Sykes, Chief Commercial Officer at Klarna, said, “More than 20 million Brits already use Klarna, and now they can enjoy our flexible payment options at more of their favourite stores. Argos, Habitat, and TU are British icons known for reliability and value, making Klarna’s interest-free payment solutions a seamless fit. We’re super excited for this first step in our partnership with Sainsbury’s PLC.”

Klarna offers fair, sustainable payment and shopping solutions. Its credit products offer an alternative to traditional credit with zero interest. The FinTech conducts robust eligibility checks to ensure it only lends to those who can pay back, which is why 99% of its lending is repaid.

The deal with Sainsbury’s follows Klarna’s latest partnership with European PayTech Nexi, which offered its payment methods to Nets’ Nordic merchant customers. This partnership aims to solidify Nets’ position as a payments gateway provider, enabling its merchant partners to seamlessly offer consumers access to Klarna’s payment methods without the need for multiple technical integrations.

Consumers who wish to pay with Klarna can choose from a range of BNPL and instalment products. More and more consumers are seeing the benefit of interest-free buy now pay later, with total UK BNPL spending expected to amount to £30 billion in 2024.

Previous Article

June 10, 2024

Boost Bank launches its Embedded Digital Banking app for Malaysians

Read More
Next Article

June 10, 2024

Torpago raises $10m in Series B round co-led by Priority Tech Ventures & EJF Ventures

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024


Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

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

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Fair4All Finance and ClearScore partner on debt consolidation technology

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024