Walmart’s Canadian subsidiary partners with well-known global payment providers provide Interest-free buy now, pay later (BNPL) purchases.
Walmart Canada is working with Klarna to offer BNPL payments through its e-commerce site and retailers and Klarna’s mobile app. By introducing Klarna’s BNPL service, Walmart Canada will allow customers to split their purchases into four flexible interest-free payments over six weeks.
Customers can sign up for a Klarna account by entering the required basic information and select Klarna as their payment method. walmart check out. New financing decisions are made in real time for each purchase and do not affect your credit score.
Orders from $50 to $4,000 across all product categories are eligible, with some restrictions. Klarna will also send additional emails and in-app reminders to help customers stay on top of their payment schedule, provide budgeting tools in the Klarna app, and restrict the use of the service if a payment is missed.
“Introducing Buy Now, Pay Later for shopping through Walmart.ca and the Walmart Canada app gives customers more payment options and flexibility,” said Laurent Duray, Chief E-Commerce Officer, Walmart Canada. “It’s the latest way to offer sex.” “We’ve always been focused on helping Canadians save money and live better lives. And for the holiday season, when Canadians choose to shop with us. We are prioritizing the customer experience by offering more choice.”
“As consumer payment and shopping preferences evolve, retailers need to adapt and embrace innovative technology, including flexible alternative payment options,” said Stephen Clark, Head of Canada at Klarna. Ta. “We are pleased to welcome Walmart Canada to Klarna’s rapidly growing global network of more than 500,000 retail partners, providing Canadian consumers with the convenient, interest-free payment options they demand. think.”
In addition to BNPL, Walmart Canada customers outside Quebec using the Walmart Rewards Mastercard can pay their baskets of $199.99 or more in six monthly installments. A setup fee will be charged.
In the US, Walmart has since offered flexible BNPL payment options with Affirm. February 2019when the discounter began allowing customers to use Affirm to pay in installments on purchases at more than 4,000 Walmart Supercenter stores nationwide.
Walmart also integrated Affirm as a payment option on its Walmart.com e-commerce site and made the service available in Walmart Vision Centers. Since then, Walmart has replaced Affirm’s installment layaway program.
And according to media reports, One, a fintech company jointly backed by Walmart and investment firm Rivit Capital, BNPL service It will be available to customers online and in-store at Walmart and other retailers by the end of 2023 at the earliest.