Payment processing platform Klarna announced on Thursday it has expanded its in-store payment services to more than 60,000 stores nationwide, including various popular retail brands such as H&M, O.N.S. Clothing, The North Face and Timberland. According to Klarna, customers are now able to make purchases using the platform’s four, interest-free payments at even more physical stores ahead of the peak holiday shopping season. Speaking about the expansion, Sebastian Siemiatkowski, CEO of Klarna, stated:
“While online retail continues to accelerate at a rapid pace, consumers still value the in-store experience and expect the same level of service and convenience whether they’re shopping online or in person. Given how essential smartphones have become in consumers’ everyday lives, it’s critical for retailers to provide a seamless shopping experience across channels that also includes flexible, mobile payment options at checkout. We’re thrilled to be able to expand our in-store offering ahead of the peak holiday season.”
Klarna also reported that since launching in January 2020 with brands like MCM, Journeys, rue21, and Sephora, the in-store solution has grown increasingly popular among shoppers and merchants alike. It’s clear that customers enjoy the ability to spread purchases across four, interest-free payments whether they’re shopping online or at a physical store.
“Retail brands benefit from the ease and convenience of accepting Klarna payments without technical integration. Klarna will be adding hundreds of the largest and most popular brands to its in-store service through the rest of the year and into 2021.”
Founded in 2005, Klarna offers products and services to consumers and retailers within payments, social shopping, and personal finances. It enables consumers to make open payments quickly, easily, and securely; immediately, delayed, or in installments. Klarna works with over 205,000 retailers including in Germany H&M, Spotify, MediaMarkt, Expedia, Nike, and Deutsche Bahn.