Buy Now, Pay Later available on Uber via Klarna 

credit: Shutterstock
credit: Shutterstock

Klarna has confirmed that its Buy Now, Pay Later (BNPL) service will now become available on Uber and Uber Eats

The partnership entails that the instalment-based payment method will be for use on ride-sharing taxi and food delivery services on both Uber and Uber Eats respectively.

Sebastian Siemiatkowski, CEO and Co-Founder of Klarna, said: “Our partnership with Uber, a pioneer in the industry, represents a significant milestone as it will provide consumers with even more flexibility and convenience in how they pay, even while on the go. 

“Consumers can Pay Now quickly and securely in full, which already accounts for over one third of Klarna’s global volumes, and more easily manage their finances in one place.”

The Klarna BNPL offering will initially become available in the US, Germany and Sweden, with the Scandinavian company also offering its Pay Now option for users to pay the taxi fare or food delivery instantly via the Klarna app. 

Additionally, users in Sweden and Germany can benefit from Klarna’s monthly payment option, enabling them to bundle all of their purchases into a single, interest-free payment. This is an effort to make it easier to manage payments in one place while saving money on interest.

Karl Hebert, Vice President of Payments, Risk, and Identity at Uber, added: “Klarna’s offerings allow our customers in the US (Pay Now), Sweden, and Germany (Pay Now and monthly payment) to pay for their rides and deliveries in a way that meets their unique needs and preferences.  

“We are committed to improving and localising our payments experience, and our partnership with Klarna helps us do just that, while also reducing our cost of acceptance.”