Klarna has about 85 million customers and over 200,000 retail partners around the globe

Klarna to power installment payments for major US retailer. Source: unsplash.com

Klarna revealed it has entered into the partnership with Sephora in the US.

This way, customers shopping for the beauty products on Sephora’s website are now able to use Klarna’s installment option. It allows them to pay in 4 equal payments with no interest and provides security, flexibility, and financial control.

We’ve reported that Klarna found a major increase in demand for furniture and jewelry, with transaction volumes in both categories up a 60% week over week. According to data, musical instruments stores saw average daily transaction volumes rise by 37%, meaning that more people are spending the time at home by making music. At the same time, jewelry sales saw an increase of 60% week over week. As to electronics stores, they saw a 37% increase in the average daily volume of transactions made through the?Klarna?app.

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