This post was originally published on The FinTech Times
Klarna, the AI-powered global payments network and shopping assistant, has secured a major global agreement enabling customers of Lenovo, the global technology giant in 15 European countries, to pay for their tech purchases at Lenovo.com using Klarna’s flexible payment methods, including its popular interest-free buy now, pay later (BNPL) options.
By offering an alternative to credit cards in a move to enable responsible spending, Klarna is now available as a payment option via the Lenovo website.
Klarna checks a consumer’s eligibility before approving each purchase and provides a clear instalment plan with friendly reminders to help shoppers keep on top of their payments. These guardrails boast positive stats, as 99 per cent of lending is repaid and 40 per cent of orders are repaid early.
Lenovo has launched Klarna’s full range of payment products in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK.
Angus Cormie, director and GM, EMEA e-commerce for Lenovo says: “This partnership means that our customers can spread the cost of Lenovo’s AI-enable and optimised devices, from powerful workstations to portable laptops, in easy-to-manage, interest-free instalments.”
By offering interest-free BNPL, Lenovo is offering is beginning to offer its customers one of the
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