Klarna, the payments network and shopping assistant, said its platform is now available on Apple Pay online as well as in apps (with iPhone and iPad on iOS 18 and iPadOS 18 or later).
Klarna said users of Apple Pay in the U.S. and U.K. will now have access to its flexible payment offerings, “including pay later in three or four installments with no interest or over longer periods with APRs starting at 0 percent,” the company said.
Sebastian Siemiatkowski, cofounder and chief executive officer of Klarna, said the company’s “fair, flexible and interest-free payments options are now even easier to use at [a consumer’s] favorite merchants when checking out on Apple Pay online and in apps in the U.S., U.K. and soon Canada. This is a big step toward our mission to offer consumers Klarna at every checkout.“
“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,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “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.”
Here’s how it works: Shoppers using Apple Pay select “Other Cards & Pay Later Options” when checking out on the app with an iPhone or iPad, and then they select “Klarna” to access the various services available. The next step is to agree to the terms, then double-click the side button and authenticate the transaction with Face ID or Touch ID to confirm the purchase. “Before approving the purchase, Klarna will make a new lending decision, using its industry-leading underwriting checks,” the company said, adding that this decision “will not impact a customer’s credit score.”
Klarna said its “Pay in 4” payment offering gives shoppers four fixed repayments for purchases that are between $35 and $2,000 — all interest-free. The company said financing is available for higher-ticket items with monthly repayments that are made over a longer period of time and starts at 0 percent APR.
Klarna also said with the integration with Apple Pay, consumers “can enjoy all the privacy and security features they love about Apple Pay,” the company said. “As with all Apple Pay purchases, when a user pays with Klarna, Apple does not keep a record of a user’s transaction history.”
Apple and Klarna teamed up last month on a separate initiative as Klarna became an official reseller of Apple products. “Apple from Klarna” is a storefront in the Klarna app and on klarna.com where U.S. shoppers can buy Apple products using Klarna’s flexible payment options.
It’s been a busy year for Klarna as the company continues to drive innovation to improve the shopping experience of consumers. One notable achievement was in February when the company rolled out an AI-driven service that streamlines online purchases and aims to disrupt the global verification industry with a solution that offers consumers control over their data while providing personalized shopping experiences.
“Sign in with Klarna” is designed to give consumers a smoother shopping experience. “The service saves time for consumers by fast-tracking the online purchase process and, if they consent to sharing their data, unlocks personalized offers from merchants,” the company said.
Klarna is the largest “buy now, pay later” provider in the world with more than 85 million active consumers. “Klarna’s commerce network continues to grow, driving toward being available in every wallet and checkout,” the company said. “Klarna aims to offer smart shoppers everywhere a fairer alternative to traditional credit cards.”
