Macy’s Strikes Deal With Klarna On Payments

Klarna, the global payments and shopping service, has entered into a partnership with Macy’s that will allow customers who are checking out merchandise with the retailer online to pay in four equal, interest-free installments as part of an enhanced shopping experience.

The Klarna buy now, pay later offering has broad appeal to consumers seeking flexibility and convenience, the company asserted, but is especially relevant to young people who increasingly prefer alternative ways to pay.

Matt Baer, Macy’s chief digital officer, said, “With a strong focus on digital agility and innovation, Macy’s continually seeks strategic partnerships that enable us to provide our customers with the best possible shopping experience. We’re excited to embark on a long-term relationship with Klarna that will help us reach wider audiences looking for seamless alternative payment solutions that provide them with financial control and convenience.”