MADRID, June 30, 2020 /PRNewswire/ -- Klarna, the
leading global payments provider and shopping service, that already
serves over 200k merchants worldwide,
officially launches in Spain today
by introducing 'Pay in 3'. Shoppers who use Klarna in a retailer's
checkout will be able to buy online and split their purchase into
three equal payments with no added interest. Klarna will go live
with Michael Kors at the end of July with many more well-known
brands to follow shortly.
With the launch of `Pay in 3' ("Paga en tres plazos"), Spanish
shoppers will be able to securely purchase their goods from their
favourite online stores and spread the cost of their purchase over
three instalments, 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 shortly which
allows users to keep track of their payments, pay off existing
payments, as well as find inspiration.
"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.
Announcing Klarna's launch in Spain today, the company states that it's
focused on being a growth partner for merchants in Spain. Across markets, Klarna's global
expertise has proven to help merchants increase customer conversion
rates and sales, by focusing on simplifying the checkout experience
for consumers.
"A common problem merchants are facing is to offer a seamless
online shopping process. Consumers find something they'd like to
purchase online but end up abandoning it due to long or complex
checkout processes, extra fees or the lack of willingness to pay
online for something that may not end up being delivered or not
look as expected. This is why we're so excited to bring our
shopping solutions to Spain and
open an office in Madrid. We're
absolutely focused on helping merchants make the most of the growth
in e-commerce and build loyal and satisfied customers in the long
term," says Daniel Espejo,
Country Manager Spain at Klarna.
Klarna is launching in Spain at a
time when the Spanish society becomes more and more digital.
According to Statista, revenue from eCommerce in Spain is expected to grow on an annual growth
rate (CAGR 2020-2024) of 7.6%, resulting in a projected market
volume of €22.9 billion by 2024. This is also shown in other
figures: 7 in 10 Spaniards between 18-65 years old bought online in
2019, which represents almost 20.3 million people. What is
interesting as well, although the computer is still king, is the
fact that the use of mobile for eCommerce grows steadily year over
year and it is already being used by 53% of online shoppers (VI
Annual Study of eCommerce in Spain, IAB Spain and Elogia, 2019). Klarna
aims to become an essential partner for retailers in Spain in the recovery path by helping them
increase sales with its payment solutions and flexibility for
customers.
Founded in Stockholm in 2005, the
company currently holds a post money valuation of $5.5 billion, which ranks Klarna as the largest
private fintech in Europe and one
of the largest private fintechs globally. Today more than
85m consumers use and trust Klarna,
and the company partners every 7th minutes with new merchants such
as Inditex, H&M, Sephora, Michael Kors, Mango, Wayfair, IKEA,
Expedia Group, Samsung, AliExpress, ASOS, Boohoo, RayBan, Levi's,
Ticketmaster, Abercrombie & Fitch, and Nike.
Across the world, Klarna offers a wide range of products within
payments, shopping and personal finances to make it easier for
people to shop on and offline, including buy now pay later
services, in-store payment solutions and a new direct-to-consumer
shopping app.
Further information
For inquiries or interview requests please contact HOTWIRE
Spain.
Additional information and imagery can be found in our Press
Kit.
About Klarna
We make shopping smoooth. With Klarna consumers can buy now and
pay later, so they can get what they love today. Klarna's offering
to consumers and retailers include payments, social shopping, and
personal finances. Over 200,000 merchants, including H&M,
Sephora, IKEA, Expedia Group, Samsung, ASOS, Peloton, Abercrombie
& Fitch, Nike and AliExpress have enabled Klarna's innovative
shopping experience online and in-store. Klarna is the most highly
valued private fintech in Europe
with a valuation of $US5.5bn and one
of the largest private fintechs globally. Klarna was founded in
2005, has over 3,000 employees and is active in 17 countries. For
more information, visit klarna.com/es
HOTWIRE España
+34-917-44-16-82
klarnaes@hotwireglobal.com
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/klarna-bank-ab--publ-/r/klarna-says--hola--in-spain,c3144955
The following files are available for download:
https://mb.cision.com/Main/1740/3144955/1271970.pdf
|
Release
|
https://news.cision.com/klarna-bank-ab--publ-/i/sebastian-siemiatkowski--ceo-and-co-founder-klarna,c2801547
|
Sebastian
Siemiatkowski, CEO and co-founder Klarna
|