Payments platform Klarna partners up with Maplin

By Emily Nicolle on Tuesday 30 January 2018

Digital Banking

It’s the latest in a series of retailer integrations for Klarna using its Pay Later feature.

It’s the latest in a series of retailer integrations for Klarna using its Pay Later feature.

Klarna has today announced a new partnership with specialist technology retailer Maplin, utilising its Pay Later and Slice It features. This latest integration will allow Maplin customers to pay for their orders at a later date, or spread out the cost over time.

The Swedish fintech has now integrated its service with over 70,000 merchants worldwide, including the online retail giant ASOS and the Arcadia Group, which owns popular stores like Topshop and Burton. Maplin is one of the first retailers to adopt Klarna’s payment options to help customers access not only physical products, but also services such as security installation and maintenance.

Pay Later enables customers making purchases of £200 or less to receive their products and pay for them 30 days later, with no interest or fees. Alternatively, Slice It allows shoppers to spread the cost of purchases of £600 over equal monthly payments.

“Customers today expect a variety of convenient payment options at the checkout,” said Luke Griffiths, Klarna’s UK General Manager. “We’re happy to be able to give Maplin customers greater control over how and when they pay for their purchases - which is especially important to savvy electronics shoppers making higher-value purchases.”

Alexander Allen, Services Director at Maplin, added: “Making sure our customers have the best possible user experience is of the utmost importance to us. With more people than ever shopping online, the payment flexibility provided by Klarna’s solutions is a real added benefit for our shoppers.”

Klarna was granted a full banking licence by Swedish regulator Finansinspektionen in June last year.

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