Apple Pay is continuing to evolve with new features, offering users even more payment flexibility. As part of its 10th anniversary celebration, Apple has partnered with Klarna and PayPal to give consumers additional ways to manage their purchases and finances.
Starting this Thursday, Klarna installment plans will be available for online and in-app purchases through Apple Pay in the United States and United Kingdom. This new option allows users to split their payments into three or four interest-free installments at checkout. Klarna also offers extended payment options with APRs starting at 0%, providing shoppers with more flexibility on larger purchases. The feature is expected to expand to Canada in the coming months.
Jennifer Bailey, Apple's Vice President of Apple Pay and Apple Wallet, highlighted the importance of offering these new services:
“We’re excited to give users in the U.S. and U.K. more choice in how they pay with the addition of Klarna’s flexible payment options right at checkout on Apple Pay.”
Alongside Klarna, Apple Pay will soon introduce PayPal balance management within Apple Wallet. By linking their PayPal debit cards to Apple Wallet, users in the U.S. will be able to view and manage their PayPal balances directly from their iPhone. This integration will help provide greater transparency and ease for those who use PayPal for online purchases.
Apple Pay first enabled PayPal support in October 2023, and this upcoming feature is set to deepen the relationship between the two services. With these expansions, Apple Pay continues to offer a seamless and secure payment experience that helps consumers manage their spending across multiple platforms.
