Klarna has announced a deal with Arcadia Group, enabling customers to use Pay later and Slice it for online purchases. This builds on Klarna’s online consumer finance partnership with Arcadia Group, which was launched in September last year.
Pay later lets shoppers place an order by entering a few personal details; they then receive their goods and pay 30 days after delivery, interest-free and with no fee for the service. Data is also saved to speed up repeat purchases. Shoppers can spread the cost of their goods over time for baskets of more than £60.
Luke Griffiths, Klarna’s UK General Manager, says: “We are delighted to expand our partnership with Arcadia and build on the success we have enjoyed over the past year. Together, we are giving payment choice and financial flexibility to Arcadia’s customer base, and it’s great to provide Klarna’s pioneering technology to such a wide and diverse audience.”