09 November 2021

Klarna launches pay in three in Ireland

Written By FinTech Alliance

Klarna launches pay in three in Ireland

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.”

Up Next ...
26 November 2021

Revolut acquires ePOS business Nobly

Revolut has acquired Nobly, a UK business that provides POS ...

26 November 2021

Mountside Ventures supports Sifted on £4mn raise 

Sifted, a Financial Times-backed media brand focusing on European startups, ...

26 November 2021

Flux enables easy cashback offerings for small businesses 

Flux, a digital receipts FinTech, has announced new capabilities it ...

25 November 2021

Afterpay offers buy now, pay later for subscription 

Buy now, pay later business Afterpay (branded as Clearpay here ...

More in Consumer Lending

Afterpay offers buy now, pay later for subscription 

25 November 2021

Buy now, pay later business Afterpay (branded as Clearpay here ...

Clearpay offers more cross-border opportunities for merchants in the UK 

24 November 2021

Buy now, pay later FinTech Clearpay has introduced cross border ...

Virgin Money to launch buy now, pay later offering 

05 November 2021

As buy now, pay later businesses gain traction, banks are ...

Clearpay bring in-store BNPL to UK 

05 November 2021

Clearpay, a “buy now, pay later” business, has announced its ...

Articles Consumer Lending

2021 State of credit

11 October 2021

In partnership with Propeller Insights, Marqeta conducted a survey of 3,500 consumers across the US,...

Articles Consumer Lending

What’s next: How consumer goods leaders envision tomorrow

27 July 2021

In partnership with The Consumer Goods Forum, PwC’s latest report examines how business leaders are...

Articles Consumer Lending

EBA consumer trends report 2020/21

01 June 2021

The report covers the retail banking products and services that fall within the EBA’s consumer prote...

Articles Consumer Lending

Consumer use of payday, auto title, and pawn loans

01 June 2021

In this research brief, we examine the prevalence, persistence of use, and alternate credit sources...

There are no Events in this category