Klarna’s buy now, pay later credit option is now accessible to users checking out with Apple Pay online and in apps on iPhone and iPad.
Eligible users in the US and UK will be the first to utilize Klarna’s payment offerings, which allow for payments in three or four interest-free installments, or over extended periods. Plans for a global expansion include a launch in Canada in the forthcoming months.
Sebastian Siemiatkowski, co-founder and CEO of Klarna, expressed excitement about this development, stating, “Consumers around the world have been asking for Klarna on Apple Pay, so I’m super proud to let them know it’s here. This is a big step toward our mission to offer consumers Klarna at every checkout.”
Users who qualify can select ‘Other Cards & Pay Later Options’ during the Apple Pay checkout process on their iPhone or iPad, then choose Klarna to explore available products. After agreeing to the terms, they authenticate their purchase using Face ID or Touch ID by double-clicking the side button. Klarna will perform a new lending decision based on its underwriting checks before finalizing the purchase.
Klarna’s introduction as a payment option on Apple Pay follows Monzo’s lead as the first UK provider to offer BNPL as part of the rollout of the iOS 18 operating system. In the US, Apple has also announced that users will be able to earn rewards with Discover credit cards and apply for loans through the BNPL firm Affirm.
These new integrations arrive shortly after Apple phased out its own buy now, pay later service to focus on partnerships with third-party companies for installment loans.
Other banks reportedly preparing for early launches include ANZ in Australia, HSBC in the UK, CaixaBank in Spain, and Citi Synchrony, along with issuers associated with Fiserv in the US.