The increasing number of consumers are turning to Klarna’s ‘buy now, pay later’ during the lockdown
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.
Meanwhile, average daily transactions at sporting goods and craft items stores were up 17% and 16%, respectively.
We’ve reported that Klarna and Wirecard announced the launch of a new improved joint payment solution. It means that all 3 Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants’ checkout via integration through the Wirecard digital financial commerce platform.