Klarna, the leader in global payments and an AI-enhanced shopping assistant, has now integrated its payment services into Apple Pay for online and app-based purchases on devices running iOS 18 and iPadOS 18 or later.
As of today, Apple Pay users in the US and UK can utilise Klarna’s diverse payment methods, which include interest-free installments over three or four periods, or opt for extended financing starting at 0% APR. Plans for expanding this service to Canada are set for the near future.
Sebastian Siemiatkowski, Co-founder and CEO of Klarna, expressed enthusiasm about the launch: “Consumers around the world have been asking for Klarna on Apple Pay, so I’m super proud to let them know it’s here! Our fair, flexible and interest-free payments options are now even easier to use at your favorite merchants when checking out on Apple Pay online and in apps in the U.S., UK and soon Canada. This is a big step toward our mission to offer consumers Klarna at every checkout.“
The ‘Pay in 4’ scheme by Klarna allows customers to make four fixed payments for items priced between $35 and $2,000 without incurring interest. For more expensive purchases, financing is offered with monthly payments over an extended period at 0% APR.
Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet, also shared her thoughts: “We’re excited to give users in the U.S. and U.K. more choice in how they pay with the addition of Klarna’s flexible payment options right at checkout on Apple Pay.
“With this rollout, users have the option to pay for purchases over time, and they get to enjoy the seamless and secure experience of Apple Pay that they already know and love.”
This new collaboration makes flexible payment solutions more readily accessible to consumers directly on their iPhones or iPads, both in-app and online via Apple Pay. When checking out, users can select ‘Other Cards & Pay Later Options’, choose Klarna, and agree to the terms. They can then authenticate the transaction using Face ID or Touch ID.
Klarna ensures a thorough lending decision at each purchase, conducted through its industry-leading underwriting processes, guaranteeing that the customer’s credit score remains unaffected. This integration also ensures that all purchases through Apple Pay maintain the privacy and security that users expect; Apple does not retain any transaction history when Klarna is used.
Additionally, Klarna has recently launched “Apple from Klarna”, an online storefront within the Klarna app and on Klarna.com, where US customers can buy Apple products with flexible payment options. With 85 million active users, Klarna stands as the largest global Buy Now, Pay Later (BNPL) provider, continuing to expand its network and aiming to provide a superior alternative to traditional credit cards.
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