Buy now, pay later firm Klarna is to launch its flexible payment methods on physical payment terminals across Europe, North America and Australia.

The service will be available on payment systems from Adyen, which claims it is the first global payment services provider to launch Klarna simultaneously on its payment terminals worldwide.

The service is currently at a pilot stage and Klarna said it should be available for wider roll out during October. The Swedish company added that it will improve the customer experience for “thousands” of retailers around the world.

Klarna has been growing its services in physical stores through its partnership with Adyen.

“We want consumers to be able to pay with Klarna at any checkout, anywhere,” says David Sykes, chief commercial officer at Klarna. “Our strong partnership with Adyen gives a massive boost to our ambition to bring flexible payments to the high street in a new way.”

Additionally, Adyen is launching Klarna’s Dynamic QR solution which allows customers to make a payment by scanning a QR code on a payment terminal. Customers can complete the transaction on their mobile device, pay using Klarna and see their purchase in the Klarna app.

Last month, Klarna launched two new banking products called "balance" and "cashback". Klarna balance allows users to store money in a bank-like personal account, which can be used for instant purchases and to pay off buy now, pay later loans. Customers can also receive refunds for returned items directly into their balance account.

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