Klarna is a major payments company from Sweden. Nowadays, it is one of the biggest fintech companies in Europe. Their payment solution offers a variety of payments methods. The most used payment method is one that allows customers to pay for online purchases after receiving them. On 30 June, Klarna entered the Spanish market with the launch of its 'buy now, pay later' service.
Klarna is now officially active in Spain. The payments company, with an office in Madrid, will go live with Michael Kors at the end of July. Eventually, more major brands will follow. Their service allows shoppers to pay in three interest-free installments at some online retailers across the Southern European country.
Klarna launched ‘Pay in 3’ (“Paga en tres plazos”) in Spain. Spanish shoppers will be able to securely purchase their goods from their favorite online stores and spread the cost of their purchase over three installments, charged every 30 days. The payment solution comes at no interest or fee when users pay on time. Along with the new offer, Klarna will also introduce the Klarna App which allows users to keep track of their payments and pay off existing payments.
“Retail is changing at a rapid pace due to rising expectations from Spanish consumers. More than ever, consumers demand transparent and efficient shopping services that match their daily needs. 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. That’s why we focus on unique shopping solutions that allow consumers to take control and shop on their own terms. We are very excited to launch in Spain today and elevate the shopping experience for all Spaniards”, says Sebastian Siemiatkowski, CEO and co-founder of Klarna.
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