Global payments provider Klarna has launched in Australia by introducing the Klarna shopping app, which has backing from CBA.
The app, launching today, is available to download on iOS and Android devices and enables customers to shop and pay with Klarna at any online retailer. In addition, the app allows consumers to Pay in 4 equal installments with no interest or fees, when they pay in time.
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Last year, Klarna collaborated with The Commonwealth Bank of Australia (CBA), which invested $200m in the company to launch its services in Australia and New Zealand. CBA app users can now connect their CBA account to a Klarna account and access Klarna’s solutions.
Sebastian Siemiatkowski, Klarna CEO, said: “Australian consumers’ expectations are evolving, they demand seamless, intuitive and transparent online shopping services that better meet their daily needs. Klarna streamlines this experience from browsing to payment at checkout to post-purchase which allows consumers to take control and shop on their terms all from a single app.”
Seamless checkout experience
Siemiatkowski continued: “This partnership with CBA is rooted in a shared obsession on how good digital experiences can truly serve consumers today. We believe the future of retail is high tech powering high touch experiences, so regardless of how and when consumers want to shop and pay, we need to be there for them.”
Matt Comyn, CBA CEO, said: “We are excited to be partnering with Klarna to bring their innovative payments technology and integrated shopping experience to the Australian market. Together with our market leading digital technology, merchant relationships and strong customer network, we will deliver a range of innovative new services to benefit Australian consumers and merchants.”
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By GlobalDataEarlier this year, Klarna teamed up with Vend to provide small businesses with more flexible payment options. The aim is help small retailers compete with big enterprises.
Initially, the solution will be rolled out across the UK, with the US to follow.
