Buy Now, Pay Later (BNPL) provider Klarna has partnered with consumer finance app OnePay to enable customers shopping at Walmart to pay for their purchases over time.
The exclusive partnership will give Walmart’s US customers flexible payment options from Klarna across thousands of items both online and in stores and will be directly integrated at Walmart checkouts this year.
OnePay, which is backed by Walmart and Ribbit Capital, is already integrated into Walmart’s physical and digital channels.
Once approved, customers will be able to choose from a range of payment timelines from three to 36 months and have the ability to manage their payments through the OnePay app.
“Millions of people in the US shop at Walmart every day — and now they can shop smarter with OnePay installment loans powered by Klarna,” said Sebastian Siemiatkowski, co-founder and chief executive of Klarna. “OnePay choosing Klarna as their exclusive instalment loans partner at Walmart in the US is a huge vote of confidence as we pursue our goal of being available everywhere for everything.”
Earlier this month, Klarna announced that it has publicly filed a registration statement on Form F-1 (the “Registration Statement”) with the US Securities and Exchange Commission relating to a proposed initial public offering of its ordinary shares.
The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Zalando recently expanded Klarna’s BNPL option at checkout in five new European markets.
The online fashion and lifestyle retailer announced it has rolled out ‘Pay in 3’ to Germany, Austria, the Netherlands, Poland, and Denmark.
The move follows the launch of the payment option in France, Italy, and Spain last year.
The German retailer offers around 6,000 lifestyle brands to over 50 million customers.
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