Latest news with #flexiblepayments
National Post
3 days ago
- Business
- National Post
Klarna and Visa Launch Pilot of New Debit Card with Increased Flexibility at Money 2020 Europe
Article content Card combines debit and pay over time flexibility in one product using Visa Flexible Credential with FDIC-insured wallet and access to 150M+ global merchants Article content Article content NEW YORK — Klarna, the AI-powered payments and commerce network, unveiled the pilot launch of Klarna Card: a new debit product combined with access to built-in flexible payment options, powered by Visa Flexible Credential and issued by WebBank. Unlike traditional credit cards that can see consumers incur additional debt and interest charges, the Klarna Card will allow consumers to pay immediately or pay later when needed – online or in-store – at more than 150 million Visa-accepting merchants worldwide. Article content The Klarna Card is currently in a trial phase in the U.S., gathering feedback to refine the experience before a broader rollout in the U.S. and Europe expected later this year. This phased approach supports feature refinements, performance optimization, and ensures the product delivers a smarter, more flexible spending tool. Article content With over 5 million consumers already on the waitlist, the Klarna Card is the boldest step yet toward Klarna becoming an everyday spending solution in the U.S. The card comes with an FDIC-insured wallet, which allows consumers to store money and make real-time transfers, and deposits, and integrates directly with the Klarna Pay in 4 and Pay Later options—all in one seamless experience. Article content 'We consistently hear from consumers that they want the freedom to choose how and when to pay – whether that's paying now with debit or spreading the cost over time,' said David Sandström, Chief Marketing Officer at Klarna. 'They want simplicity, flexibility, and transparency – all in one place. That's exactly what has made Klarna payment methods so popular online, and now that same experience is coming to a physical card. The Klarna Card is the future of everyday banking – creating smart payments, to empower smarter shoppers.' Article content By combining access to spending, saving, and borrowing tools in one intuitive platform, Klarna is becoming a modern day global neobank for the digital-first consumer. The Klarna Card is a key step in this evolution – a transparent, tech-driven alternative to the products of traditional banks. Article content 'Millions of people around the world have embraced the choice and control offered by Visa's Flexible Credential, and we're delighted to extend this to even more U.S. consumers, as well as bringing it to Europe for the first time,' added Mathieu Altwegg, SVP Product and Solutions, for Visa in Europe. 'This is a pioneering example of a future where consumers will only need one card in order to have access to their preferred ways to pay, no matter where they are, or what they're purchasing.' Article content Flexible payment options: Pay up front in debit mode, or activate Klarna payment options and features, such as Pay in 4 and Pay Later, while also offering all the great features in the Klarna app including budgets, track spending reminders, among others. Option to upgrade Tiers: Once available, customers will be able to choose between one free, or two paid tiers which include merchant discounts and improved cashback rates. The card will come in three colors: aubergine, black and bright green. Available to all Klarna customers: Debit functionality is available to all; credit is granted on a case-by-case basis following a credit check. Klarna Card availability: The Klarna Card is currently in testing in the U.S. as work is done with early users to evolve the final product. This test phase marks an important milestone in building financial solutions that meet real consumer needs. It will be available to all consumers in the U.S. in the coming months, with rollout in Europe expected to follow. About Visa Flexible Credential: Visa Flexible Credential is a network capability that allows multiple payment experiences – such as debit, prepaid, credit, installments and rewards – to be accessed from a single card. Article content About Klarna Article content Klarna is on a mission to be available everywhere for everything. With over 100 million global active Klarna users and 2.9 million transactions per day, Klarna's AI-powered payments and commerce network is empowering people to pay smarter — online, in-store and through Apple Pay in the U.S., UK and Canada. More than 724,000 retailers trust Klarna's innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy's, Ikea, Expedia Group, Nike and Airbnb. For more information, visit Article content Article content Article content Article content Article content Article content
National Post
14-05-2025
- Business
- National Post
Affirm now available at Mattress Firm, offering shoppers flexible payment options ahead of Memorial Day
Article content Article content SAN FRANCISCO — Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a new partnership with Mattress Firm, the nation's largest mattress specialty retailer. Shoppers can now use Affirm to pay over time both in-store at more than 2,200 Mattress Firm locations nationwide and online at in time for the retailer's Memorial Day sale, one of its biggest annual events. Article content Paying with Affirm is simple. In stores, customers can apply using a link sent to their smartphone by a store associate. Online, they can simply select Affirm at checkout. In either case, shoppers will go through a quick eligibility check. If approved, they will see customized biweekly and monthly payment plans, with as low as 0% APR, and no late or hidden fees. Article content 'At Mattress Firm, we're always looking for ways to make it easier for our customers to get the sleep products they need,' said George Hanson, Chief Digital Officer at Mattress Firm. 'With Affirm now available both online and in-store, we're giving shoppers a simple, flexible way to pay—especially during one of our biggest sales of the year.' Article content 'We're proud to partner with Mattress Firm to bring flexible, transparent payment options to their customers,' said Pat Suh, SVP of Revenue at Affirm. 'Quality sleep is a meaningful investment, and we look forward to seeing Mattress Firm's shoppers choose to 'Affirm' their purchases—knowing they can do so with clarity, confidence, and no late or hidden fees. It's a better way to pay—and an easier way to rest.' Article content About Mattress Firm Article content Mattress Firm, the nation's largest omni-channel mattress specialty retailer, has been helping solve America's sleep problems for more than 90 years through our family of brands. Every one of our more than 6,000 passionate Sleep Experts® are driven by a common purpose: to change people's lives through better sleep. Whether browsing online or in one of our 2,200+ stores, our highly trained team provides personalized service and advice to help customers choose the right mattress and bedding products based on their unique needs. Our expertly curated selection of products includes leading brands such as Beautyrest®, Nectar®, Sealy®, Serta®, Simmons®, Sleepy's®, Stearns & Foster®, Tempur-Pedic®, Tuft & Needle®, tulo® and Purple®. Mattress Firm supports local and national charities through donations and offers employees volunteering opportunities to serve their communities. As part of this commitment, Mattress Firm has partnered with the National Women's Shelter Network, an organization dedicated to ending homelessness and providing life-changing resources to people in need. Everyone deserves a safe place to sleep at night—and with this partnership, we aim to create brighter mornings and a brighter future. Mattress Firm is a wholly owned business of Somnigroup International Inc. (NYSE: SGI). For more information about Mattress Firm, visit Article content Affirm's mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency, and putting people first — we empower millions of consumers to spend and save responsibly and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X. Article content Payment options through Affirm are subject to eligibility, and are provided by these lending partners: CA residents: Loans by Affirm Loan Services, LLC are made or arranged pursuant to California Finance Lender license 60DBO-111681. Article content Article content Article content Article content Article content Article content
