Global banking, payments and shopping service Klarna, announces the launch of Klarna Card in the UK. The new physical card will bring Klarna’s flexible and transparent payments experience to in-store payments anywhere where 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.
Alex Marsh, Head of Klarna UK, says: “Consumers are rejecting credit products which charge double-digit interest rates while allowing repayments to be put off indefinitely. 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.”