Klarna, the AI powered global payments network and shopping destination, has joined forces with Airbnb in a “first-of-its-kind” partnership to provide guests in the US and Canada with flexible payment options when booking their next stay.
With Klarna’s seamless, sustainable and flexible payment solutions, “booking a hilltop holiday home, cozy cabin, or oceanfront oasis has never been more convenient and accessible.”
Guests in the US and Canada can now “apply to pay for stays in four interest-free installments over six weeks, and for bookings over $500, guests in the US can apply to pay monthly.”
More markets will be “added throughout the year.”
Sebastian Siemiatkowski, Co-founder and CEO of Klarna, said:
”We’re thrilled to team up with Airbnb and bring Klarna’s flexible services to travelers all over the world. We know that one of the top requests from Airbnb guests was more options to pay for their stays, so we’re super excited to offer interest free payment options and support their mission to create a world where anyone can belong anywhere.”
84% of consumers “indicated they were more likely to use an installment option such as ‘Buy Now, Pay Later’ (BNPL) to pay for their trip,” according to Payments Journal.
This is further evidence of BNPL’s growing popularity “in the US, as Klarna sees more than 7 million monthly active app users and 34 million consumers across North America.”
Airbnb is the latest retailer “to join Klarna’s network of 500,000 partners globally as the company expands into the travel and experiences sector.”
Since 2005 Klarna claims it “has been on a mission to accelerate commerce with consumer needs at the heart of it.”
With over 150 million global active users and 2 million transactions per day, Klarna’s fair, sustainable payment and AI-powered shopping solutions are revolutionizing the way people shop and pay online, empowering consumers to shop smarter with greater confidence and convenience.”
More than 500,000 global retailers “integrate Klarna’s innovative technology and marketing solutions to drive growth and loyalty, including H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, and Nike.”