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Klarna introduces social shopping to UK Consumers

September 7, 2020

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Klarna

Klarna

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Klarna’s new app will combine popular shopping services including wish lists, inspiration and price alerts under one banner

London 7th September 2020: Klarna, the leading global payments and shopping service, today announces the launch of its newly redesigned App, elevating the shopping experience for its millions of users across the UK with a greater range of flexibility, control and personalisation while shopping online. 

The new Klarna app has been designed to meet the shifting expectations of consumers as they adapt from shopping in-store to online, a move that has taken place over several years but has accelerated in recent months. The app will cover the entire shopping journey, from inspiration and discovery through to the transaction - all in one place. Content is personalised based upon consumers’ interests, their favourite stores and previous shopping behaviour, offering an unrivalled mobile shopping experience. 

New features of the app will include:

  • Wish lists, save the items you love, spark your inspiration with curated wish lists or find the hottest items from your favourite retailers. Wish lists can contain items from any retailer in the UK and can either be kept for private use, or shared with friends and family.  
  • Price drop notifications, consumers can set up alerts for the products they love, and only pay for them when they’re comfortable with the price, offering the best value for money on their purchases. 
  • Deals, we’ve hunted down the best online deals and have saved them for you all in one place.
  • Exclusively curated content from the world of fashion, beauty, and lifestyle.

Following discovery, shopping takes place within the Klarna app on a retailer’s website through an iframe with the option to pay for products either by Klarna (if a retailer has partnered with Klarna) or by traditional methods such as credit or debit card. This seamless end-to-end shopping experience offers consumers complete control, flexibility and personalisation all in one place for the first time. 

Sebastian Siemiatkowski, CEO and co-founder of Klarna commented: “Our mantra at Klarna has always been about creating the smooothest experiences for our users. In the past few months, we’ve seen a shift in shopping behaviour with millions fully embracing digital purchasing for the first time as physical stores were closed. 

Despite the shifting retail landscape, consumers are still looking for inspiration, convenience and value and it’s become obvious that shopping online now goes far beyond just a transaction. The new Klarna app elevates the entire shopping experience, from start to finish by bringing together all the best aspects of shopping in one place, giving Klarna users a unique and personalised experience at their fingertips.“

- Ends - 

Press enquiries

MHP Communications

klarna@mhpc.com

Imagery: https://we.tl/t-7fE2e7k0eX

About Klarna.

We make shopping smooth. With Klarna consumers can buy now and pay later, so they can get what they love today. Klarna’s offering to consumers and retailers include payments, social shopping, and personal finances. Over 200,000 merchants, including H&M, IKEA, Expedia Group, Samsung, ASOS, Peloton, Abercrombie & Fitch, Nike and AliExpress have enabled Klarna’s innovative shopping experience online and in-store. Klarna is the most highly valued private fintech in Europe with a valuation of $5.5bn and one of the largest private fintechs globally. Klarna was founded in 2005, has over 3,000 employees and is active in 17 countries. For more information, visit klarna.com.