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Klarna has officially made its Italian entry with the introduction of ‘Pay in 3’, expanding the firm’s global footprint with it already serving over 200k merchants and 90m consumers. 

The expansion means shoppers who use Klarna in a retailer’s checkout will be able to buy online and split their purchase into three interest-free equal payments. Starting today, Italian consumers will be able to use Klarna’s new shopping solution with H&M, Michael Kors and with several other well-known merchants to follow in future.

With the launch of ‘Pay in 3’, Italian shoppers will be able to purchase their goods from their favourite online stores and spread the cost of their purchase over three instalments, charged every 30 days. 

Sebastian Siemiatkowski, CEO and co-founder of Klarna, commented: “Retail is changing at a rapid pace due to rising expectations from Italian consumers. More than ever, consumers demand transparent and smart shopping services that meet their daily needs. 

“We believe the future of retail is high tech powering high touch experiences, so regardless of how and when consumers want to shop and pay, we need to be there for them. That’s why we focus on unique shopping solutions that allow consumers to take control and shop on their own terms. We are very excited to launch in Italy today and elevate the shopping experience for all Italians.

“Klarna is focused on being a true growth partner for merchants in Italy. Across markets we help over 200,000 merchants every day to increase their average order volume, conversion rates and ultimately their revenues by providing seamless checkout experience for consumers.” 

The payment solution comes at no interest or fees when users pay on time. Along with the new offer, Klarna also introduces the Klarna app which allows users to keep track of and manage their payments as well as find inspiration.

Francessco Passone, Country Manager Italy at Klarna, added: “We are very excited to officially launch our shopping solution in Italy today, help Italian merchants make the most of the growth in e-commerce and build loyal and satisfied customers in the long term.”