Klarna launches online shopping payments app in Australia

Available to download on iOS and Android, Australian users can shop and pay with Klarna at any online retailer

Global payments and shopping provider Klarna has launched its app in Australia.

Available to download on iOS and Android, Australian users can shop and pay with Klarna at any online retailer.

The Klarna app, which has been downloaded more than 12 million times globally, offers Australian consumers a one-stop shopping experience and allows them to pay in four equal instalments at any online retailer with no interest or fees, when they pay on time.

Consumers also have the ability to browse top brands, create universal and curated wishlists, receive price drop notifications, and have access to shopping inspiration, exclusive deals and discounts from local Australian retailers.

Klarna partnered with The Commonwealth Bank of Australia (CBA), which invested in the fintech last year to launch services in Australia and New Zealand. CBA app users can now easily connect their CBA account to Klarna, enabling smooth shopping in a few easy steps.

Matt Comyn, chief executive officer of CBA, commented: “We are excited to be partnering with Klarna to bring their innovative payments technology and integrated shopping experience to the Australian market. Together with our market leading digital technology, merchant relationships and strong customer network, we will deliver a range of innovative new services to benefit Australian consumers and merchants.”

Klarna chief executive officer Sebastian Siemiatkowski said: “Australian consumers’ expectations are evolving, they demand seamless, intuitive and transparent online shopping services that better meet their daily needs. Klarna streamlines this experience from browsing to payment at checkout to post-purchase which allows consumers to take control and shop on their terms all from a single app.”

“This partnership with CBA is rooted in a shared obsession on how good digital experiences can truly serve consumers today. We believe the future of retail is high tech powering high touch experiences, so regardless of how and when consumers want to shop and pay, we need to be there for them.” 

Founded in 2005 in Stockholm, Klarna offers a range of products within payments, shopping and personal finances to make it easier for people to shop on and offline, including buy now, pay later services, in-store payment solutions, and a new direct-to-consumer shopping app.

More than 85 million consumers currently use Klarna, and the fintech partners with more than 205,000 merchants in North America, the UK and Europe, including H&M, Michael Kors, Wayfair, Adidas, IKEA, Expedia Group, Samsung, Microsoft, ASOS, Peloton, Boohoo, Sonos, RayBan, Levi’s, Ticketmaster, Abercrombie & Fitch, and Nike.

Klarna recently raised $460 million in equity, confirming it as one of the largest private fintechs in the world.

Image: Klarna

Mark Dugdale