Klarna and Sainsbury’s partnership brings interest-free BNPL to Argos, Habitat and TU

London, 7th June 2024, Klarna, the AI-powered global payments network and shopping assistant, has partnered with Sainsbury’s PLC which will see its payment methods available at the online checkouts of three iconic brands: Argos, Habitat and TU.

Shoppers will be able to choose from Klarna’s three interest free payments; pay immediately and in full with Pay Now, pay in 30 days with Pay Later or over three equal installments with Pay in 3. 

David Sykes, Chief Commercial Officer at Klarna said, “More than 20 million Brits already use Klarna and now they can enjoy our flexible payment options at more of their favorite stores. Argos, Habitat, and TU are British icons known for reliability and value, making Klarna's interest-free payment solutions a seamless fit. We’re super excited for this first step in our partnership with Sainsbury’s PLC."

Klarna offers fair, sustainable payment and shopping solutions. Klarna’s credit products offer an alternative to traditional credit, with zero interest. The company conducts robust eligibility checks to ensure it only lends to those who are able to pay back, which is why 99% of its lending is repaid.  More and more consumers are seeing the benefit of interest free buy now pay later, with total UK BNPL spend to amount to £30bn in 2024. 

About Klarna

Since 2005 Klarna has been on a mission to smooth commerce with consumer needs at the heart of it. With over 150 million global active users and 2.5 million transactions per day, Klarna’s fair, sustainable and AI-powered payment and shopping solutions are revolutionizing the way people shop and pay online and in-store, empowering consumers to shop smarter with greater confidence and convenience. More than 550,000 global retailers integrate Klarna’s innovative technology and marketing solutions to drive growth and loyalty, including H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. For more information, visit Klarna.com.