Klarna has expanded its portfolio of partners announcing a new expansive link with YOOX NET-A-PORTER.
Through the partnership, YOOX NET-A-PORTER customers will be able to pay using Klarna’s popular ‘pay later’ products, including its Pay in three and Pay in four options.
As the pandemic and regulations have continued and heightened, Buy Now Pay Later firms have grown in engagement significantly, as consumers have evolved the way they partake in the payment journey.
As part of the collaboration, brands across the YOOX NET-A-PORTER portfolio will be able to offer customers flexible payment options on top of the other payment methods already available, allowing them to spread the cost of purchases over time.
For Klarna, the partnership builds on the group enhancing its support for SMEs with the launch of a £3m Small Business Support Package to help British firms recover from the pandemic.
The package follows fresh research that reveals that a quarter (24%) of SMEs aren’t confident their business will survive the next two years with 46% of owners stating their main priority is to simply survive the next six months.
As a result of the Support Package, 100 retail SMEs will be provided with access to much-needed support across different elements of their business, from office space and customer acquisition to advertising support.