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KLARNA LAUNCHES BROWSER EXTENSION ALLOWING CONSUMERS TO PAY LATER ACROSS ALL
ONLINE STORES
Klarna launches a browser extension that brings interest-free shopping at all
online stores to the desktop regardless of whether they are partnered with
Klarna or not.
Acquisition of Piggy enables consumers to shop smarter - saving time and money
through automatic couponing and cashback features on the products they want.
Klarna browser extension experience drives growth and loyalty for online
retailers
--------------------------------------------------------------------------------
News provided by
Klarna Bank AB
Dec 09, 2021, 02:13 ET
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NEW YORK, Dec. 9, 2021 /PRNewswire/ -- Klarna, a leading global retail bank,
payments, and shopping service, today announced the launch of the Klarna browser
extension, which had been in beta testing with over 100,000 consumers. The
extension enables consumers to shop with Klarna's flexible payment options on
their desktop at every online store, even if the retailer is not yet a Klarna
partner.
Despite the significant growth of mobile shopping, desktop shopping still
accounts for 32% of all ecommerce traffic, whilst 44% of online orders are
placed on the desktop. The new Klarna browser extension caters to this demand by
providing consumers with the same end-to-end shopping experience on their
desktop that they already enjoy in the Klarna app, so they can pay later
anywhere online, on any device. The browser extension also enables coupons &
cashback offers to be automatically added to purchases, saving consumers time
and money. The recent acquisition of Piggy, one of the fastest growing browser
extensions, will power this new offering.
David Fock, Chief Product Officer at Klarna said: "While mobile shopping is
surging, we also see that many consumers still enjoy the comfort of browsing and
comparing items on a larger desktop screen. At Klarna, we want to offer
consumers the world's best shopping and payments experience - no matter what
device they are using. With the introduction of our browser extension, consumers
shopping on their desktop can now benefit from the convenience, control and
flexibility of Klarna's 'Pay Later' services at all of their favourite online
stores. Combined with the automatic couponing and cash back features, our new
extension offers the ultimate shopping hack, saving time and money for consumers
at every checkout."
Nicholas Mahalec, Product Director at Klarna and former CEO of Piggy adds:
"Online retailers are constantly looking for ways to reduce cart abandonment and
improve the checkout experience - especially during the crucial holiday shopping
season. By automatically adding coupons to shopping carts and enabling consumers
to pay later with Klarna's secure and convenient one time cards, the new browser
extension not only saves consumers valuable time and money, but also boosts
engagement and retention for retailers - regardless of whether they are Klarna
partners already. With this partnership we open the door for tens of thousands
of retailers to tap into Klarna's growing base of 90+ million high-intent
shoppers."
The features of the Klarna browser extension
* One time cards
Through the creation of one time virtual VISA cards, the browser extension
enables consumers to shop seamlessly and securely with Klarna at all of their
favourite online retailers.
* Saved collections and price drops
Klarna's collection feature allows consumers to save any items they find on
the browser to personal folders and activate price drop notifications on
those items.
* Automatic couponing
With automatic couponing, the extension ensures that consumers always get the
maximal value for their money by automatically adding coupon codes into
shopping carts.
* Cashback and gift card rewards
Consumers that have the browser extension installed benefit from exclusive
rewards for purchases at merchants in the form of cashback (US and Germany)
or gift cards (UK and France).
Whenever a consumer makes a purchase or saves an item with the browser
extension, it is automatically reflected in their Klarna app. Here they can
access further post-purchase features, such as tracking their deliveries from
order placement to delivery, managing their purchases and returns and tracking
their carbon footprint. This seamless synchronisation enables consumers to
switch effortlessly between devices along the shopping journey.
The Klarna browser extension is available today and can be installed with just
two clicks. It is compatible with Google Chrome and Microsoft Edge. Support for
Firefox and Safari will be rolled out in the near future. The extension is
available in the US, UK, Germany, and France and will be rolled out to the rest
of Klarna's markets in the near future.
## NOTE TO EDITORS ##
Canaccord Genuity served as the exclusive financial advisor to Piggy, LLC in the
acquisition.
About Klarna
We make shopping smooth. With Klarna consumers can buy now and pay later, so
they can get what they love today. Klarna's offering to consumers and retailers
include payments, social shopping, and personal finances. Over 250,000 retail
partners, including H&M, IKEA, Expedia Group, Samsung, ASOS, Peloton,
Abercrombie & Fitch, Nike and AliExpress have enabled Klarna's innovative
shopping experience online and in-store. Klarna is one of the most highly valued
private fintechs globally with a valuation of $45.6 billion. Klarna was founded
in 2005, has over 4,000 employees and is active in 19 countries. For more
information, visit klarna.com.
For more information, please contact:
David Zahn, Product Communications
+49 170 74 00 911
press@klarna.com
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/klarna-bank-ab--publ-/r/klarna-launches-browser-extension-allowing-consumers-to-pay-later-across-all-online-stores,c3468268
The following files are available for download:
https://news.cision.com/klarna-bank-ab--publ-/i/us-klarna-browser-extension,c2989760
US Klarna browser extension
SOURCE Klarna Bank AB
×
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