Swedish payment provider Klarna comes Down Under

Global payment and shopping provider, Klarna has set up a Sydney office and hired 16 local employees as it makes its Klarna shopping app available to Australian consumers.

The app allows consumers to shop with any online retailer, unlike its competitors Afterpay and Zip Pay that are only available through select retailers.

The Klarna app allows consumers to Pay in 4 equal instalments at any online retailer with no interest or fees, when they pay on time. Consumers can browse top brands, create universal and curated wish lists, receive price drop notifications, and access shopping inspiration, exclusive deals and discounts. Thanks to Klarna’s ghost card – a single-use, prepaid card – all purchases and payments can be managed directly in the app, for increased flexibility and control over spending.

Klarna partnered with Commonwealth Bank which invested in the company last year to launch services in Australia and New Zealand. This gives CBA app users the ability to connect their CBA account to a Klarna account.

Klarna was founded in Stockholm in 2005 and now offers buy now pay later services, in-store payment solutions and a direct-to-consumer shopping app. There are over 85 million users and more than 200,000 merchants across North America, the UK and Europe.

Klarna CEO Sebastian Siemiatkowski, pictured, said Australian consumers’ expectations are evolving, they demand seamless, intuitive and transparent online shopping services that better meet their needs.

“Klarna streamlines this experience from browsing to payment at checkout to post-purchase which allows consumers to take control and shop on their terms all from a single app. 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,” he said.

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