Swedish tech bank and leading payments provider Klarna has announced a partnership with Maplin, the UK’s number one specialist technology retailer. Maplin customers can now use Klarna’s Pay later and Slice It services. This allows them to order online and receive the very latest Smart Home tech, security/CCTV products, or other products and pay for them either at a later date or spread the cost over time, reported finextra.
With Pay later, online and mobile customers making purchases of £200 and above from Maplin will be able to receive their products and pay for them 30 days later without incurring any interest or fees. Maplin’s press statement mentions the increasing important of payment flexibility to its customers and subsequent user experience.
Based in Stockholm, Klarna gives e-commerce merchants a streamlined payment process that removes friction and improves conversions from the shopping cart. Klarna serves 45 million consumers via 65,000 merchants.
This partnership is part of an emerging trend for the payments company. Earlier in January, Klarna announced an extended partnership with ACI Worldwide. ACI Worldwide powers real-time electronic payments for more than 5,100 companies worldwide. Through the partnership, Klarna enables online businesses in 10 major markets to integrate the company’s payment products by leveraging ACI’s UP eCommerce Payments solution.
By Grace Appleford, Research Analyst at Holland FinTech.