THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Commentary
Department Stores
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Retail News
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2023
Digital Transformation Strategy 2023
Retail HR 2023
THE Retail Conference 2023
Customer Engagement Strategy 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Klarna launches ‘Buy Now, Pay Later’ credit card

Buy now, pay later (BNPL) company Klarna has announced the launch of its physical card in the UK. Klarna Card will enable consumers to use the… View Article

GENERAL MERCHANDISE NEWS

Klarna launches ‘Buy Now, Pay Later’ credit card

Buy now, pay later (BNPL) company Klarna has announced the launch of its physical card in the UK.

Klarna Card will enable consumers to use the flexible payment option in-store, wherever cards are accepted.

The card launches with Klarna’s Pay in 30, which allows consumers to pay anytime up to 30 days after purchase, with plans to add additional payment options in the future. Klarna’s Pay Later products are a fairer and more sustainable alternative to traditional credit, providing payment flexibility with clear payment schedules, no interest and, in the case of Klarna, no late fees.

“Consumers are rejecting credit products which charge double-digit interest rates while allowing repayments to be put off indefinitely,” said Alex Marsh, head of Klarna UK. “For online purchases where credit makes sense, buy now pay later has become the sustainable alternative with no interest and clear payment schedules.

“The launch of Klarna Card in the UK brings those benefits to the offline world, giving consumers the control and transparency of BNPL for all of their instore purchases.”

The card has already been used by 800,000 consumers in Sweden and Germany. Klarna also plans to roll out the card in the US.

In the UK, the Klarna Card will be made available progressively reaching all eligible consumers in the upcoming months. Klarna said that the card currently has a waitlist of 400,000 UK-based consumers.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

THE NEXT EVENT

See all upcoming events

LATEST VIDEO

Go behind the scenes at the Retail Technology Show 2023 with Worldline!
Go behind the scenes at the Retail Technology Show 2023 with Worldline!

Watch video >