Retail bank Klarna and cross-border ecommerce provider Global-e have today announced the start of a Canada-focused partnership.
Merchants on the Global-e platform that want to sell to Canada can now do so by offering clients the Klarna suite of alternative payments, which includes the interest-free ‘Pay in 4’, splitting the cost of the purchase into four equal payments across six weeks.
Shahar Tamari, Co-Founder and COO of Global-e, said: “We are thrilled to expand our already successful partnership with Klarna to enable merchants to provide streamlined and flexible payment options to Canadian consumers. Offering such flexibility to shoppers has proven to have a substantially positive impact on a retailer’s average order value and customer return rate.
“We look forward to our continued collaboration with Klarna to empower merchants in providing localised shopping solutions, including payments, to consumers in key markets across the globe.”
Citing Klarna’s own findings on the rising consumer demand for flexible payments, Kristina Elkhazin, Head of Klarna Canada, added: “Consumers worldwide are demanding smarter ways to pay, and this sentiment also extends to Canada, where, according to our research, at least half of shoppers between the ages of 25 and 56 look for flexible payment options at checkout.
“By expanding Klarna’s successful partnership with Global-e to Canada, we look forward to providing Canadian consumers with greater choice and flexibility at checkout, while in turn, driving growth on behalf of our shared retail partners through an enhanced online shopping experience and access to our network of more than 147 million shoppers worldwide.”
As a result of the collaboration between both companies, Global-e’s network of retailers can now offer a localised Klarna shopping experience in 14 other major markets besides Canada, including the UK, the US, Australia, France, Italy, Spain, Austria, Germany, Belgium, the Netherlands, Sweden, Finland, Norway, and Denmark.