Klarna has introduced its payment option on Google Pay, allowing users to pay for purchases in instalments. Klarna, a popular “buy now, pay later” lender, offers interest-free repayment plans like “Pay in 30 days” and “Pay in 3”. Late payments may incur a fee of £5 for orders over £30 or 25% of the purchase price for orders under £20, and could negatively impact credit reports if missed.

Sharing information with credit referencing agencies is standard practice, emphasizing the importance of timely payments and responsible borrowing. With approximately 12 million UK users, Klarna aims to provide fair and transparent payment solutions through its collaboration with Google Pay.

The upcoming regulation by the Financial Conduct Authority (FCA) from July 15, 2026, will ensure that buy now, pay later agreements include clear payment terms and affordability checks for customers. Lenders must offer support to customers facing financial difficulties and adhere to Consumer Duty rules. Additionally, users will have access to the Financial Ombudsman Service for complaints if they feel unfairly treated.

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