Klarna Launches Consumer FX: Shop From Klarna Merchants Worldwide, Regardless of Currency
Klarna (NYSE: KLAR) launched Consumer FX, allowing shoppers to pay participating merchants worldwide in their own currency without an exchange fee.
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The new launch means any Klarna connected merchant can sell to Klarna’s 120 million consumers in 26 countries with no new integration, and no need for a local entity of foreign bank account. Klarna also handles FX disclosure, consent and compliance. Early results show merchants gain a
The launch comes as cross-border payments are growing globally. DHL reports that
“Increasingly, shoppers aren’t thinking in borders,” says David Sykes, Chief Commercial Officer, Klarna, “Consumer FX enables consumers to use our payment options on any Klarna merchant, regardless of country or currency, driving additional value across our global network."
Klarna connects 120 million active consumers across 26 countries with more than 1.2 million live merchants, a merchant base that grew
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About Klarna
Klarna is the everyday finance network. With over 120 million global active Klarna users and 3.8 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. Over 1.2 million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Apple, Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
Category: Investor News
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Press contact
Press@klarna.com
Source: Klarna Group plc