Leading global payments provider, bank and shopping service, Klarna, expanded to New Zealand earlier this week.

Introducing ‘Pay in 4’ to Kiwi consumers enables them to split purchases into four interest-free equal payments through the Klarna app and directly via integrated partner retailers.

In the Klarna app, shoppers will be able to ‘Pay in 4’ at any online store, regardless of whether they are a Klarna retailer or not, thanks to the ‘Shop Anywhere’ function. Consumers can also keep track of payments, save favourite items to wish lists and receive price drop notifications.

Klarna is partnering with retailers including Cotton On Group, Hanes Group and Kookaï, with several other retailers to follow.

Klarna CEO and co-founder Sebastian Siemiatkowski said Klarna is focused on elevating the shopping experience for consumers.

“Retail is changing at a rapid pace and more than ever, consumers demand transparent and intuitive services which better meet their needs. We know Kiwis are sophisticated online shoppers who seek convenience but are mindful of smart spending and are moving away from traditional forms of credit with interest and fees,” he said.

“That’s why Klarna focuses on offering innovative shopping solutions that allow consumers to take control and shop on their own terms, saving them time and eliminating hassle.”

Klarna launched i n Australia in 2020 in partnership with Commonwealth Bank. In New Zealand, ASB customers will soon be able to sign up to Klarna via the ASB mobile app.

Klarna Australia and New Zealand country head, Fran Ereira (pictured) said it is exciting to launch in New Zealand with a pipeline of retailers who will be launching in the near future.

“The response from consumers and retailers since our launch in Australia has been incredibly positive, with more than 600 retailers partnering with us and well over 750,000 consumers in just over a year, and we’re confident New Zealanders will have a similar positive reaction,” she said.

“Watch this space, because we’ll also have plenty of product enhancements to introduce in the coming months.”