Klarna Teams With Global-e for Canadian Expansion

Digital retail bank and buy now, pay later (BNPL) firm Klarna is extending its global partnership with cross-border eCommerce provider Global-e to expand its installment payment services to Canada.

By teaming up, merchants selling in Canada using Global-e’s platform can use Klarna’s installment payment options. Global-e works with numerous well-known brands, including Reformation, SKIMS, Fenty Beauty, Rimowa, Versace, Marc Jacobs and Marks & Spencer.

“Consumers worldwide are demanding smarter ways to pay, and this sentiment also extends to Canada, where, according to our research, at least half of shoppers between the ages of 25 and 56 look for flexible payment options at checkout,” Kristina Elkhazin, head of Canada at Klarna, said in a press release on Wednesday (April 27).

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“By expanding Klarna’s successful partnership with Global-e to Canada, we look forward to providing Canadian consumers with greater choice and flexibility at checkout, while in turn, driving growth on behalf of our shared retail partners through an enhanced online shopping experience and access to our network of more than 147 million shoppers worldwide,” Elkhazin said.

Klarna offers a full menu of alternative payment options, including its BNPL interest-free Pay in 4 product. Merchants using Global-e’s global network can now offer Klarna across 15 key markets — Canada, the United States, France, Spain, Italy, the United Kingdom, Australia, the Netherlands, Denmark, Norway, Sweden, Finland, Germany, Belgium, and Austria.

Shahar Tamari, co-founder and COO at Global-e, said expanding its partnership with Klarna will bring “streamlined and flexible payment options” to Canadian merchants.

“Offering such flexibility to shoppers has proven to have a substantially positive impact on a retailer’s average order value and customer return rate. We look forward to our continued collaboration with Klarna to empower merchants in providing localized shopping solutions, including payments, to consumers in key markets across the globe,” Tamari said.

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Global-e offers an end-to-end, localized cross-border eCommerce platform that enables retailers to customize the digital shopping user experience to one that makes sense for the customers in their market. That platform also offers merchants local pricing in more than 100 currencies and supports over 30 languages.