Lenovo has announced a significant partnership with Klarna, the global AI-powered payments network, to provide flexible payment solutions for customers across 15 European countries. This collaboration enables Lenovo shoppers to leverage Klarna’s popular “Buy Now, Pay Later” (BNPL) options, including interest-free instalments, when purchasing technology on Lenovo’s online platform.
Bringing Tech and Payment Innovation Together
The partnership is designed to simplify access to Lenovo’s AI-optimised devices, such as laptops and workstations, by spreading costs over manageable payment schedules. Angus Cormie, Lenovo’sDirector & GM of EMEA eCommerce, stated, “This partnership means that our customers can spread the cost of Lenovo’s AI-enabled and optimised devices in easy-to-manage, interest-free instalments.”
🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: @Klarna 's Q3 results are out, and it's another strong quarter with profit and growth: SEK 216 Million Profit in Q3 202, 4.57% increase year-on-year in revenue, GMV is up 16%
Klarna ensures responsible lending by evaluating customer eligibility before purchases and maintaining a repayment success rate of 99%, with 40% of users repaying early. Raji Behal, Klarna’sHead for Western and Southern Europe, commented, “Now consumers can spread the cost of their tech essentials without paying record-high interest to the big banks.”
Accelerating BNPL Growth in Europe
With BNPL spending growing 18% globally in 2023, this partnership places Lenovo at the forefront of payment innovation. Customers in countries including the UK, France, Germany, and Sweden now have access to Klarna’s suite of payment tools on Lenovo’s e-commerce platform.
Conclusion
This collaboration marks a strategic alignment between technology and fintech, catering to customers seeking affordability and convenience in their tech purchases. By incorporating Klarna’s solutions, Lenovo is addressing growing consumer demand for flexible, interest-free payment options.
