What: The new shopping app allowing users to pay at any online retailer in three instalments arrives in the UK.

Why is it important: Klarna’s buy now pay later solution eliminates the need to use a credit card.

Klarna’s in-app shopping experience claims to “cover the whole retail journey, from discovery through purchase and return management”. This new feature allows UK Klarna users to shop at any online retailer, regardless of whether they’re partnered with Klarna or not, eliminating the need to use a credit card. It will also integrate monthly budgets and personal spending limit functionalities for users to set and remain in control of their spending.

Additional features include wish lists and curated content, price drop notifications, thousands of deals, and lists of retailers for users to decide where to buy at the best price.

Sebastian Siemiatkowski, CEO of Klarna said: “We believe that no one should ever have to pay credit card fees or high interest rates. Shoppers now can interact with their favourite retailers without having to leave the Klarna app. Our one stop shop app is the future of shopping”.

Klarna launches new interest free shopping feature

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• All you need to know about Buy Now Pay Later