Klarna expands BNPL service to US merchants

Buy Now, Pay Later (BNPL) firm Klarna has signed an agreement with point-of-sale provider Clover to bring its services to businesses and shops in the US.

The partnership will initially enable around 100,000 merchants to offer flexible payment options for in-store purchases.

Shoppers at these merchants will see a Klarna logo on the pre-screen of payment devices.

Klarna said it plans to roll out the service to new and existing Clover merchants early next year.

Klarna claims the partnership will enable small businesses to improve their sales and attract more customers by offering more flexible payment options.

"We’re bringing Klarna to Main Street," said David Sykes, chief commercial officer at Klarna. “Klarna started by changing how people pay online — now we’re changing how they pay everywhere.

“With Clover, we’re meeting shoppers where they are and giving small businesses a powerful new way to grow.”

In February Klarna signed an agreement with JP Morgan Payments, the world’s largest merchant acquirer, to expand payments options for its customers.

With the move, companies that rely on JP Morgan Payments for payment processing will have access to Klarna's payment methods, including BNPL and other flexible financing options.



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