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H&M launches Pay Later option in US with Klarna

20 Jan '20

2 min read

Pic: Klarna

H&M now offers fashion fans in the US a whole new way of paying for their fashion finds with an H&M-unique payment solution, Pay Later, developed in collaboration with Klarna, a leading global payments provider. H&M wants to offer customers a truly modern shopping experience that is both flexible and convenient no matter where and how they choose to shop.

Together with Klarna, H&M has now introduced a new unique payment solution in the US, enabling a frictionless and flexible checkout for customers across all channels. With Pay Later, fashion fans who are members of H&M’s loyalty programme are offered the possibility to shop now and pay later both online and in stores using the H&M app. The purchases are handled within the H&M app where customers can decide how and when they want to pay, Klarna said in a press release.

As part of the partnership, H&M and Klarna will continue to develop payment solutions to increase flexibility and convenience even further and make it even easier to shop at H&M, both in physical stores and online.

“Shopping at H&M should be convenient, relevant, and inspiring, and we are happy to now offer fashion fans in the US a whole new way of paying for their fashion finds. Through the partnership with Klarna, we have developed an H&M-unique payment solution that offers our fans a truly modern shopping experience no matter where and how they choose to shop,” Stefan Vos, chief financial officer of H&M North America said.

“The foundation of the Klarna and H&M partnership is a commitment to continuously develop smarter, simpler and engaging shopping experiences. We at Klarna are excited to now launch our leading Pay later offering together in the US enabling a unique shopping experience for consumers – in-store and online,” Sebastian Siemiatkowski, CEO at Klarna said.

Fibre2Fashion News Desk (GK)

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