Nov 1, 2019
Everybody needs good Klarna. Fashion giant River Island launches Pay in 3
1st November 2019: High street fashion icon River Island has today announced a partnership with Klarna to offer their customers a smooother way to pay, enabled by Adyen.
At River Island, shoppers can now split the total cost of their online purchase into 3 equal monthly instalments with Klarna — completely interest and fee free.
Whether shoppers are searching for statement clothing or accessories across women’s, men’s and kidswear, they will now have more flexibility to pay through Klarna. Klarna’s proven track record of providing an outstanding customer experience for some of the biggest names in retail meant they were a shoo-in for the partnership.
Luke Griffiths, General Manager at Klarna UK, commented:
Over the last two years, River Island has invested heavily in its technology and customer service. By introducing Klarna, the team demonstrates its commitment to delivering a great experience for customers. Klarna is proven to increase conversion and customer acquisition for over 4,500 UK retailers, so we’re confident that we will accelerate River Island’s growth plans with a truly customer-centric payment experience.”
Sean Hastings, Chief Customer Officer at River Island UK, added:
“Introducing Klarna’s ‘Pay in 3’ gives our customers a more flexible way of buying into our latest collections. It’s a great benefit to River Island customers and Klarna’s credentials in this space made them the right partner to make it happen.”
To learn more about Klarna’s current partners, visit the Shop Directory.
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Electra Gerolymbou/ Chantal Swainston, firstlight PR,
+44 20 3617 7240
Klarna, the leading global disruptor of payments and banking, and provider of smoooth retail services, was founded in Sweden in 2005. Klarna currently holds a post money valuation of $5.5 billion, which ranks Klarna as the largest private fintech in Europe and one of the largest private fintechs globally. Klarna provides merchants with a flexible range of preferred payment alternatives that enable consumers to easily and securely pay when and how they want everywhere — online and in-store.
Over 170,000 merchants, including ASOS, Peloton, Swoon, Michael Kors, Superdry, Gymshark, Samsung, Topshop, Oliver Bonas and many more have enabled Klarna’s innovative shopping experience, that stretches beyond the actual transaction and also allows consumers to take control over their personal finances. Klarna has 2,500 employees and is active in 17 countries.
Pay in 3
Payments are scheduled automatically, with the first payment made at the point of purchase via either a debit or credit card, with the final two payments being taken 30 and 60 days after purchase. With Pay in 3 there are no interest or charges, ever.
About River Island
River Island was founded in 1948 in London by the Lewis family and has since been established as one of the most recognisable international multi-channel brands from the UK. With over 350 stores worldwide, the business now has outlets in 12 countries, over 11,000 employees and ships to 125 countries through riverisland.com.