Digital Retail News
ManoMano And Klarna Partner For Flexible Consumer Payments
A new partnership between ManoMano and Klarna, a leading global retail bank, payments and shopping service, will extend the ability for our clients to use Klarna’s flexible payment solutions.
As consumers today expect increased convenience in the way they pay for their online purchases, this new partnership, currently available across ManoMano UK, Germany and Italy, will add extra payment options to their purchase decisions. As such, ManoMano customers will be able to pay their purchases in full, over a period of 30 days or in three interest-free instalments*, allowing them to pay with greater choice and helping them manage their finances better.
The collaboration comes during a context where BNPL (buy now, pay later) saw a 60%** increase in European e-commerce from 2019 to 2021 as a payment alternative.
“Our goal is to offer our customers the best and most frictionless shopping experience” says Hector Escobar Cavieres, Lead Payment Manager at ManoMano. “As BNPL is an increasingly essential payment option for our clients, we are delighted to make the way they shop and pay more accessible through our partnership with Klarna.”
“We’re thrilled to have ManoMano join the over 450,000 retail partners that already offer our interest-free payment options, to help consumers save time and money along their shopping journey,” said Eric Petitfils, Head of Klarna France. “Through this partnership, ManoMano’s British, Italian and German customers can benefit from having a flexible payment method as they shop for their DIY, gardening and home improvement supplies.”
As interest rates on credit cards and overdrafts hit record highs, Klarna believes it is more important than ever that shoppers have access to a fairer, interest-free credit option at the point of purchase. Klarna’s short-term, interest free credit products deliver positive outcomes for consumers. Klarna assesses a consumer’s ability to repay on each purchase, taking a real time view of someone’s financial circumstances.
* Available on ManoMano Germany and UK for Pay Later, and Italy and UK for Pay in 3.
Source : ManoMano
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