Department store group John Lewis is to offer online customers a buy now, pay later payment option after teaming up with financial services provider Klarna.
John Lewis customers will be able to use the service from today, allowing them to buy products with three payments made over 60 days. The launch came as retailers prepare to battle for golden quarter spend and ahead of the Black Friday promotional period.
John Lewis director of credit and banking Andy Piggott said, “We’re committed to making it easier for customers to manage their budgets with a range of flexible and secure ways to pay.
“Klarna has become a go-to payment choice for everything from beauty and fashion through to homeware and electronics. We hope that the introduction of Klarna will make John Lewis even more accessible and help attract a new customer that may not have traditionally shopped with us.”
Klarna head of western and southern Europe, UK and Ireland Raji Behal said: “We’re excited to offer [John Lewis] customers a better way to pay, with our interest-free BNPL helping shoppers manage their finances and make smarter purchases. We couldn’t be more thrilled to support John Lewis as they continue to grow and welcome a new generation of customers.”
Klarna is already used by other retailers including Argos, Boots and WHSmith, while others offer a similar option through other buy now, pay later providers.
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