CellPay and Klarna Have Partnered to Offer Consumers More Flexible Payment Options

  • Payments
  • 30.09.2022 02:55 pm

CellPay and Klarna have partnered to offer consumers more flexible payment options.

"Buy now, pay later (BNPL) plans are quickly changing how consumers today pay for products and services. About 20% of U.S. consumers are currently using BNPL." (Source: https://www.pymnts.com/bnpl/2022/millennials-interested-in-bank-backed-bnpl-plans-if-available). To ensure that CellPay consumers benefit from this changing trend, CellPay has partnered with Klarna, a leading global retail bank, payments, and shopping service, to offer Klarna's interest-free, Pay in 4 services at the checkout. The payment option enables CellPay customers to split their payments into four, interest-free payments spread out over six weeks. 

This is the first time U.S. customers, especially underbanked, will be able to pay for prepaid cell phone minutes over time, allowing them to keep connected with their loved ones with greater flexibility. Interest-free Buy Now, Pay Later is a smarter, fairer alternative to high-interest credit and gives consumers the flexibility and convenience to manage their money and budget. When a CellPay customer splits the cost of their purchase into four smaller payments with Klarna, they will never pay any interest ever.

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