LONDON, UK, 15th October 2019 — Klarna today announces its partnership with Samsung Electronics to give customers a convenient and hassle-free way to pay later at Samsung.com
The partnership introduces new payment methods for Samsung.com customers, where shoppers will be able to check-out with 3 new payment options:
- Buy now, pay in 30 days
- Buy now, pay in 3 monthly payments
- Spread the cost up to 4 years
What’s more, Klarna will continue to support Samsung.com’s flagship upgrade programme. Customers who apply for the programme successfully can now pay for the new Galaxy S10 in 24 monthly instalments through Klarna’s Spread the Cost offering, and receive invitations to upgrade to the new Galaxy device each year.
Nick White, Online Director at Samsung UK & Ireland, commented: “At Samsung, we never shy away from big ideas and innovation, so it was only right that we partnered with a payments company that shares our values and vision. Klarna does exactly that — and its exceptional user experience for both new and existing customers will allow us to give online shoppers the most seamless experience possible.”
Luke Griffiths, General Manager at Klarna UK, added: “We are delighted to grow our partnership with Samsung and to be working with a truly visionary and innovative global brand. By offering our payment options online, Samsung.com is showing its ongoing commitment to enhancing the customer experience through cutting edge technology in its retail offering. Whether buying a phone, TV or washing machine, Klarna will empower Samsung.com customers with greater flexibility over how, when and where they pay, to best meets their needs. We look forward to further developing this partnership and driving results for Samsung in a highly competitive market.”
For more information about Samsung’s partnership with Klarna please visit https://www.samsung.com/uk/klarna/.
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, Abercrombie & Fitch, Michael Kors, Superdry, Gymshark, Samsung, Topshop, Agent Provocateur 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 later (Pay later will have a 30 day period for Samsung.com and will be available on a basket value of up to £250)
- Pay later is Klarna’s most popular product and allows shoppers to try before they buy. Customers have either 14 or 30 days — depending on the merchant — to pay for their goods after the item is shipped, with no interest or fees applied, ever
Pay in 3 (Pay in 3 will e available for purchases between £250-£1,000)
- 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. As with Pay later, all purchases are interest and fee free.
Slice it (Slice it will be available for purchases over £250 and will have a 0% interest rate over a 6-24 month period for Samsung.com and 9.99% interest rate over 30,36 and 48 months)
- Slice it allows customers to spread the cost of their purchases into longer-term monthly payments. This is dependent on a full credit check.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at https://news.samsung.com/uk/
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