Arcadia Group expands partnership with Klarna
Written by Anthony Strzalek
Arcadia Group has expanded its partnership with payments outfit Klarna, opening up more payment options to those who shop at the group’s various retail brands.
Shoppers across the Arcadia Group – whose brands include High Street retailers Topshop, Miss Selfridge and Dorothy Perkins - can now use Klarna’s Pay later and Slice it to purchase products online.
The deal expands on Klarna’s existing partnership for online consumer finance with Arcadia Group, which was launched in September 2016.
The expanded partnership will give customers increased flexibility and convenience when purchasing. Pay later lets shoppers place an order entering only a few personal details, receive their goods and pay 30 days after delivery, interest-free and with no fee for the service.
Data is also saved so shoppers can experience a frictionless checkout when they make repeat purchases. With Slice it, shoppers can spread the cost of their goods over time for baskets over £60. This helps shoppers to make bigger ticket purchases by ‘slicing’ the cost into monthly payments.
Luke Griffiths, Klarna’s UK general manager, said: “We are delighted to expand our partnership with Arcadia and build on the success we have enjoyed over the past year. Together, we are giving payment choice and financial flexibility to Arcadia’s customer base, and it’s great to provide Klarna’s pioneering technology to such a wide and diverse audience.”