Klarna, a leading global retail bank, payments, and shopping service, announces that it has reached the milestone of 500,000 total consumers in Ireland.
Klarna’s growth highlights Irish consumers’ demand for transparent and flexible payment options that allow them to save time, money, be informed and be in control of their finances at a time when online shopping is on the rise and Irish consumers are increasingly moving away from high-cost credit cards.
Klarna allows consumers to choose how they pay. Consumers can pay immediately and in full with ‘Pay Now’ or split their purchases into three interest-free and fee-free equal payments (‘Pay in 3’) through both the Klarna app and directly via integrated retailers.
Since its launch with ‘Pay in 3’ in November 2021, Klarna has brought major product updates to Irish consumers to further improve their shopping experience, including a new money management feature in the Klarna app that gives consumers full transparency into their spending, the ‘Express Checkout’ function for a faster and safer checkout process and ‘Pay Now’ that allows consumers to pay immediately and in full whenever Klarna is available.
Klarna also launched its Open Banking business unit ‘Klarna Kosma’, which will be key for the next generation of Irish fintech companies to reach a global scale as they will be able to access a network of 15,000 banks in 24 countries around the world through a single API.
Klarna, with over 800 merchant partners in Ireland, is committed to helping Irish retailers, both big and small, to meet evolving consumer demands and improve their customer experience. That’s why it recently launched self-service onboarding, which allows new merchants to integrate Klarna’s checkout and flexible payment methods in just a few clicks. Globally, Klarna has over 400,000 retail partners and recently announced reaching 150 million active consumers.
“Klarna’s growth in Ireland truly speaks about the evolving consumer trends and increased demand for flexible payments. Irish consumers are keen digital adopters and now more than ever are looking for options that can give them greater control and flexibility over how they want to shop and pay. 500,000 consumers now trust Klarna in Ireland and we will continue to disrupt the retail banking industry and grow our presence in the country,” Colin Creagh, Head of Business Development in Ireland at Klarna commented.