Klarna, the AI powered global payments network and shopping assistant, announced a partnership with Uber, to offer millions of consumers Klarna’s convenient alternative payment methods across Uber’s ride-sharing and delivery platforms, Uber and Uber Eats.
Live in the US, Germany, and Sweden, Klarna‘s Pay Now option “allows users to pay for their next ride or delivery immediately and in full with just one click, and they can conveniently track all their purchases in the Klarna app.”
Additionally, users in Sweden and Germany “will benefit from Klarna’s monthly payment option, enabling them to bundle all of their purchases into a single, interest-free payment which coincides with their monthly salary cycle, making it easier to manage payments in one place while saving money on interest with no nasty fees.”
Sebastian Siemiatkowski, CEO and Co-Founder of Klarna said:
“Our partnership with Uber, a pioneer in the industry, represents a significant milestone as it will provide consumers with even more flexibility and convenience in how they pay, even while on the go. Consumers can Pay Now quickly and securely in full, which already accounts for over one third of Klarna’s global volumes, and more easily manage their finances in one place.”
Karl Hebert, Vice President of Payments, Risk, and Identity at Uber said:
“Klarna’s offerings allow our customers in the US (Pay Now), Sweden, and Germany (Pay Now and monthly payment) to pay for their rides and deliveries in a way that meets their unique needs and preferences. We are committed to improving and localizing our payments experience, and our partnership with Klarna helps us do just that, while also reducing our cost of acceptance.”
Nearly 9.5 billion trips were reportedly “taken on Uber in 2023, and in Q4 ‘23 alone, averaged out to 28 million trips per day – more than one million per hour.”
Klarna claims that it “offers a fairer and more sustainable alternative to traditional credit cards, with zero interest.”
The company also mentions that it “conducts robust eligibility checks to ensure it only lends to those who are able to pay back, which is why 99% of its lending is repaid and restricts the use of its services if a payment is missed to stop debt building up.”
