Klarna and Wish initiated their partnership in Europe in 2014
Sweden-based Klarna has announced an expansion of its partnership with ContextLogic Inc. (d/b/a Wish), one of the world’s largest mobile e-commerce platforms.
The partnership, which will initially allow flexible payment options to consumers in the US, is part of a broader drive by Wish to expand BNPL offerings to its users across its platform.
According to the press release, Wish users in the US will be able to split the cost of their purchase over 4 interest-free payments through Klarna’s Pay in 4 solution.
Users are required to pay the first 25% of the transaction at checkout, while the remaining three payments are automatically collected every two weeks.
Besides, Klarna and Wish will deepen their partnership in 2022, rolling out alternative payment options to additional users in the EU, including in Italy, Spain and France, and in the UK, Australia and Canada, among other countries.
We’ve reported that Ukrainians living overseas can now send money instantly to their loved ones back home.