Klarna expands payment options on Uber and Uber Eats

Klarna, the globally recognized AI-powered payment network and shopping facilitator, has officially announced a strategic partnership with Uber. This collaboration aims to offer millions of users across Uber's ride-sharing and delivery platforms, Uber and Uber Eats, the convenience of Klarna's alternative payment methods.

Operational in the United States, Germany, and Sweden, Klarna's Pay Now feature empowers users to swiftly settle payments for their rides or deliveries with a single click, enabling immediate and full transaction completion. Furthermore, users can conveniently monitor all their transactions within the Klarna app.

In addition to the Pay Now option, users in Sweden and Germany will gain access to Klarna's monthly payment alternative. This functionality allows users to consolidate all their purchases into a single interest-free payment, synchronizing with their monthly salary cycle. This integrated approach simplifies payment management and facilitates savings on interest charges, ensuring a hassle-free experience for consumers.

Sebastian Siemiatkowski, CEO and Co-Founder of Klarna, emphasized the significance of the partnership, stating;

"Our collaboration with Uber, a trailblazer in the industry, marks a notable milestone. It furnishes consumers with enhanced flexibility and convenience in their payment methods, even while on the move. With Pay Now, consumers can securely complete transactions promptly, a feature that already accounts for over one-third of Klarna’s global volumes, thereby facilitating streamlined financial management."

Karl Hebert, Vice President of Payments, Risk, and Identity at Uber, echoed this sentiment, affirming;

"Klarna’s offerings cater to the diverse needs and preferences of our customers in the US, Sweden, and Germany. We remain dedicated to enhancing and localizing our payment experience, and our collaboration with Klarna serves this objective, concurrently reducing our cost of acceptance."

With nearly 9.5 billion trips undertaken on Uber in 2023, averaging approximately 28 million trips per day in Q4 '23 alone, the integration of Klarna's payment solutions aims to further streamline transactions and enhance user experience.

Klarna distinguishes itself by offering a more equitable and sustainable alternative to conventional credit cards, characterized by zero interest. The company meticulously conducts eligibility assessments to ensure responsible lending practices, resulting in a 99% repayment rate. Additionally, Klarna imposes restrictions on service usage in cases of missed payments, preventing the accumulation of debt.

Source: Klarna Press Release