Global Technology Powerhouse, Lenovo, Bets Big on BNPL with Klarna

Klarna, the AI-powered global payments network and shopping assistant, today announced a major global agreement with the global technology powerhouse, Lenovo. Shoppers in 15 European countries can now pay for their tech purchases at Lenovo.com using Klarna’s smooth, flexible payment methods, including its popular interest-free Buy Now Pay Later options. 

Klarna offers a fairer alternative to credit cards with strong guardrails which enable responsible spending. The company checks a consumer’s eligibility before approving each purchase and provides a clear installment plan with friendly reminders to help shoppers keep on top of their payments. These guardrails clearly work as 99% of lending is repaid and 40% of orders are repaid early. 

By offering interest-free BNPL, Lenovo is offering its customers one of the most innovative and fastest-growing payment methods today. Worldwide BNPL spending grew by 18 percent in 2023, according to a report by Worldpay. 

Raji Behal, Head of Western and Southern Europe, UK & Ireland at Klarna, says: “This is massive news for lovers of high tech and haters of hidden fees and high interest. Now consumers can spread the cost of their tech essentials without paying record high interest to the big banks.”

Angus Cormie, Director & GM, EMEA eCommerce for Lenovo says: “This partnership means that our customers can spread the cost of Lenovo’s AI-enable and optimised devices, from powerful workstations to portable laptops, in easy-to-manage, interest-free instalments.”

Lenovo has launched Klarna’s full range of payment products in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the UK.