Swedish fintech Klarna has teamed up with Uber to expand its payment methods across the ride-sharing and delivery platforms, Uber and Uber Eats.
It means that users will be able to pay for a ride or delivery, in full and with a single click using Klarna’s Pay Now option which has gone live in the US, Germany, and Sweden.
Additionally, Klarna’s monthly payment option has been made available in Sweden and Germany enabling users to bundle their purchases into a single, interest-free payment which coincides with their monthly salary cycle.
Earlier, this month, Klarna announced it was bringing its own credit card to the US with the company looking to tap into a market that reached $1.13 trillion credit card debt, last year. It also recently extended open banking settlements to the UK enabling consumers to link their bank account to Klarna and use its ‘Pay Now by bank’ feature.
Speaking on the new partnership, Sebastian Siemiatkowski, CEO and Co-Founder of Klarna said: “Our partnership with Uber, a pioneer in the industry, represents a significant milestone as it will provide consumers with even more flexibility and convenience in how they pay, even while on the go. Consumers can Pay Now quickly and securely in full, which already accounts for over one third of Klarna’s global volumes, and more easily manage their finances in one place.”
Karl Hebert, Vice President of Payments, Risk, and Identity at Uber added: “Klarna’s offerings allow our customers in the US (Pay Now), Sweden, and Germany (Pay Now and monthly payment) to pay for their rides and deliveries in a way that meets their unique needs and preferences. We are committed to improving and localising our payments experience, and our partnership with Klarna helps us do just that, while also reducing our cost of acceptance.”
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