Klarna Payment Deal has struck a global partnership with Uber, expanding its payment options on Uber and Uber Eats apps. This collaboration will initially cover the U.S., Germany, and Sweden.
Klarna declined to disclose the financial terms of its deal with Uber.
The Uber deal is a major win for Klarna and coincides with rumors of an imminent blockbuster IPO.
Klarna announced that it would be added as a payment option in the U.S., Germany, and Sweden.
In those countries, Klarna will roll out its “Pay Now” option in the two apps, which lets customers pay off an order instantly in one click. Users will be able to track all their Uber purchases in the Klarna app.
Furthermore, users in Sweden and Germany can bundle purchases into a single, interest-free payment. This option will be available alongside Klarna’s existing services.
Interestingly, the company isn’t rolling out installment-based “buy now, pay later” plans, arguably Uber’s most popular service offering, on its platforms.
Sebastian Siemiatkowski, CEO and co-founder of Klarna, said in a statement Wednesday that the deal represented a “significant milestone” for the company.
As Klarna gears up for its IPO, the timing of this partnership with Uber couldn’t be better. The deal not only strengthens Klarna Payment Deal’s position in the market but also adds significant value to its portfolio.
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