Klarna Expanding: 3 Million Active Users in the UK

Published On October 27, 2019 | By Robbie Garner | Software

Klarna, a leading European payments provider, is launching its new retail campaign in partnership with 13 brands in the UK. The company has already registered 3 million active users in the UK. Currently, it’s servicing 170.000 merchants around the globe. If you want to know more about the topic and discover an exceptionally high-risk merchant account in the UK, go on reading the post.

Klarna’s Expansion & High-Risk Merchant Account in the UK

In August, 100.000 UK consumers downloaded the app by Klarna, a point-of-sale (POS)-financing provider. The company’s growth may be driven by in-store POS financing and the US market. The payments provider’s in-store volume reached 300% in the UK in the 1st half of this year.

Now, there’re more than 6.000 stores offering the company’s services worldwide. With this number growing, the in-store volume is likely to grow as well. By the way, the company is adding 6 million users in the US on a yearly basis.

According to the company’s CEO and co-founder, we’re living decisive times for the history of retail banking. What are you doing to meet the growing needs of your customers? Are you offering all the necessary payment services?

This can’t be an issue if you work with a true payments expert that can help you with the right merchant services, such as a high risk merchant account. With a reputable payments-processor comparison firm, you can find the cheapest rates and the most secure payment-processing solutions in your industry.

New Retail Campaign in the UK

According to Klarna’s general manager in the UK, their growth in the UK is astonishing. Particularly, he’s proud of what they’ve been able to accomplish over the past 12 months.

The company’s further growth is expected to stem from in-store POS financing and the US market. Based on the new valuation in the field, this payment provider is considered the biggest private- FinTech in Europe. Also, it’s ranked among the biggest private FinTechs worldwide.

To sum up, Klarna, which powers “pay later” for thousands of brands in the UK locally and globally, is expanding its operations in the UK.

Author Bio: Payment industry guru Taylor Cole is a passionate payments expert who understands the complex world of merchant accounts, including a high-risk merchant account. He also writes non-fiction, on subjects ranging from personal finance to stocks to crypto pay. He enjoys eating pie in his backyard porch, as should all right-thinking people.

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