Seolfaidh Klarna “íoc i trí” in Éirinn an tseachtain seo. (Klarna will launch “pay in three” in Ireland this week).
In Brief:
Interest-free installments are now available to customers in Ireland.
With the Klarna app, Irish shoppers can use this credit option at any retailer.
Irish retailers will also be able to access more consumers on Klarna’s platform.
What does this mean?
Klarna is taking advantage in many markets of consumers moving away from credit cards, but particularly in Ireland some main banking players such as Ulster Bank (NatWest) are exiting the market, so there is an opportunity to full the gap with a payments and lending provider.
Colin Creagh, Head of Business Development at Klarna in Ireland, commented: “We’ll be working with our Irish retailer partners to help them access a global marketplace. With coverage in 17 markets across three continents, we can accept payments from almost every country in the world, unlocking huge growth opportunities for our partners.
“As a key European market with a population of keen digital adopters, Ireland has long been part of our expansion strategy in our mission to offer safer, more sustainable payment options to customers around the world.”
Meanwhile, Lee McNamara, Ecommerce Manager at Gym + Coffee, which is one of the retailers Klarna has partnered with, said: “We’re thrilled to partner with Klarna and offer payment options that make it easier for our consumers to purchase with confidence. This sort of flexibility, convenience and financial control that paying with Klarna brings is the future of retail and we’re excited to be at the forefront of this shopping revolution.”
