Klarna partners with Harrods

Harrods, perhaps the world’s most famous department store, may no longer sell lions, tigers and panthers but its shoppers will be able to embrace the digital ‘buy now, pay later’ boom following a deal with Klarna.

Klarna is partnering with Harrods to offer its various payment options throughout the main Harrods Knightsbridge shop, H beauty and online at Harrods.com. 

UK in-store shoppers will be able to use Klarna’s ‘pay in 3 payment options’ for beauty purchases only at present but further departments are set to roll out Klarna’s payment options in the coming months. 

Customers shopping the store via Harrods.com in the UK will also be able to split their payments via Pay in 3, whilst US customers can use ‘pay in 4’ also.  

Luke Griffiths, Chief Commercial Officer at Klarna, commented: “Harrods is one of the most recognisable brands across the globe with a footprint and heritage that is unrivalled within the luxury retail space. We are excited to bring our payment products to Harrods customers across Europe and the US, offering them the option to buy goods how and when they want.”

Alex Unitt, Partnerships Director at Harrods, says the partnership enables the department store to give Harrods’ customers “maximum flexibility and convenient” payment options.  

Klarna, which was founded in 2005, says it has over 90 million global active users, clocking up 2 million transactions per day across 250,000 global retail partners in 19 markets. It reached a valuation of $45.6 bn in its latest fundraise and now has over 4,000 employees and is active.