Klarna to power installment payments for major US retailer

Klarna has about 85 million customers and over 200,000 retail partners around the globe

Klarna and Sephora

Klarna to power installment payments for major US retailer. Source: unsplash.com

Klarna revealed it has entered into the partnership with Sephora in the US.

This way, customers shopping for the beauty products on Sephora’s website are now able to use Klarna’s installment option. It allows them to pay in 4 equal payments with no interest and provides security, flexibility, and financial control.

Ease and convenience play an instrumental role in the Sephora client experience, and as a digital leader, we have always adapted to the evolving needs of our beauty community and their shopping journey. With Klarna, we can continue to provide our clients with the seamless shopping experience they know and love while increasing flexibility in our checkout offerings
Kim Stromberg, Vice President and General Manager of e-сommerce at Sephora

We’ve reported that Klarna found a major increase in demand for furniture and jewelry, with transaction volumes in both categories up a 60% week over week. According to data, musical instruments stores saw average daily transaction volumes rise by 37%, meaning that more people are spending the time at home by making music. At the same time, jewelry sales saw an increase of 60% week over week. As to electronics stores, they saw a 37% increase in the average daily volume of transactions made through the Klarna app.

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