John Lewis has partnered with Klarna, enhancing payment options for online shoppers.
- Customers can now use Klarna’s Pay in 3 product, allowing payment over 60 days without interest.
- This expands on existing offers for nursery and electrical items priced between £500 and £1,500.
- The initiative aims to simplify budgeting and attract new customers, according to John Lewis and Klarna executives.
- The partnership reflects John Lewis’s commitment to providing flexible, secure payment solutions.
John Lewis has announced a new partnership with Klarna, giving its online customers the option to use Klarna’s ‘Pay in 3’ service. This service allows customers to spread the cost of their purchases over three instalments without incurring any interest, making budgeting more accessible and manageable for shoppers.
This move adds to John Lewis’s existing ‘buy now, pay later’ options which were previously limited to specific nursery and electrical items valued between £500 and £1,500. With this new development, the department store chain aims to extend these flexible payment options to a broader range of products.
Andy Piggott, John Lewis Money’s director of credit and banking, explained the aim of this partnership, expressing a commitment to aiding customers in managing their finances through diverse payment options that are both flexible and secure. He highlighted the company’s focus on helping customers maintain control over their budgets.
Raji Behal, Klarna’s head of western and southern Europe, praised John Lewis as a cherished British brand known for quality and service. He expressed excitement about helping John Lewis reach a wider audience with Klarna’s user-friendly and interest-free payment options.
The collaboration is seen as a strategic effort by John Lewis to not only enhance accessibility but also to attract new customers who might not have considered shopping with them previously.
This strategic partnership between John Lewis and Klarna underscores their mutual interest in offering innovative financial solutions to consumers.
