TECH

Apple Pay Adds Klarna Payments Now, PayPal Balance Later

Klarna on Apple Pay – Image courtesy of Klarna

Apple Pay has started offering Klarna installment plans for online purchases, and a future update will add PayPal balances to Apple Wallet.

Coinciding with the 10th anniversary of Apple Pay, the mobile payments platform is getting more features that include other services. The changes will give shoppers more ways to buy goods and manage their finances.

The first and most immediate change is support for Klarna for online and in-app purchases. After Thursday’s launch, consumers in the United States and the United Kingdom will be able to access Klarna’s flexible payment options during checkout.

Purchases on an iPhone or iPad running iOS 18 or iPadOS 18 or later will have options like Pay Later in three or four installments. Payments will be offered with no interest or for longer periods with an APR starting at 0%.

While the initial rollout will be in the United States and the United Kingdom, an expansion to Canada is also expected within a few months.

“We’re excited to give users in the US and UK more choice in how they pay with the addition of flexible Klarna payment options right at checkout in Apple Pay,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “With this rollout, users will have a way to pay for purchases for a long time, and they’ll be able to enjoy the seamless and secure Apple Pay experience they already know and love.”

Apple’s other online payments announcement involved the long-standing PayPal. As part of the change, consumers in the US will be able to see their PayPal balance in Apple Wallet.

The feature will be available when you link a PayPad debit card to your Apple Wallet. Apple says it will give users “more visibility and confidence when making purchases.”

PayPal will officially enable Apple Pay and Apple Wallet support in the US for its cards in October 2023.

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