- Klarna launches on Apple Pay for Canadian users, enabling flexible payment options.
- The integration marks Klarna as the first BNPL provider with Apple Pay in Canada.
What happened: Klarna launches Apple Pay integration for Canadian users
Klarna, the AI-powered global payments network and shopping assistant, announces its availability for Apple Pay users in Canada, enabling seamless checkout options online and in-app for iPhone and iPad users on iOS 18 and iPadOS 18 or later. Starting today, eligible users can access Klarna’s flexible payment offerings, including the option to pay later in four interest-free installments or over longer periods with competitive annual percentage rates (APRs). This milestone makes Klarna the first Buy Now Pay Later (BNPL) provider to integrate with Apple Pay in Canada, following successful launches in the US and UK last month.
Sebastian Siemiatkowski, Co-founder and CEO of Klarna, expresses his enthusiasm: “I am delighted that we are extending Klarna on Apple Pay to Canada. After the great reception we received from consumers in the US and UK last month, consumers in Canada will now have easier access to our fair, flexible and interest-free payments options.” This integration allows consumers to make purchases effortlessly using Klarna directly through Apple Pay, enhancing the accessibility of flexible payment options.
Also read: Klarna’s IPO: A bold step toward U.S. market dominance
Also read: Apple opens tap-and-go payments to rivals amid EU scrutiny
Why it’s important:
The introduction of Klarna at Apple Pay checkout marks a significant advancement in payment flexibility for Canadian consumers. By offering interest-free payments in four fixed installments, Klarna makes it easier for users to manage their finances without accruing debt. The ability to finance larger purchases with competitive APRs further positions Klarna as an attractive alternative to traditional credit cards.
This integration not only aligns with Klarna’s mission to be present at every checkout but also enhances user experience with the privacy and security features inherent to Apple Pay. Users selecting Klarna during checkout will undergo a new lending decision that does not impact their credit score, ensuring a responsible and user-friendly approach to borrowing. As Klarna continues to grow its commerce network, it maintains its commitment to providing smart shoppers with a fairer alternative to conventional credit options.
