Retail 2 Newsroom

Commonwealth Bank merchant customers offered Klarna business and marketing support through a new joint initiative.

To help support and boost growth for Australian retailers, Klarna, a leading global payments and shopping service, and the Commonwealth Bank of Australia have announced zero Klarna merchant fees for the first six months for CBA merchants who integrate with Klarna online or in-store.

In addition to waiving fees for the first six months, Klarna will also offer eligible merchants continued marketing support, working closely with them to identify opportunities to drive brand awareness and engagement through social media, Klarna media services, and in-app content and activations.

The initiative comes at what is a challenging time for Australian businesses, with the latest CBA Economics Update revealing retail trade fell 1.8 per cent in June 2021, driven by lockdowns and restrictions in Victoria and Greater Sydney.

Commonwealth Bank’s Group Executive of Business Banking, Mike Vacy-Lyle, said: “The pandemic continues to impact retailers across Australia, with small businesses in particular facing cash flow challenges as a result of the lockdowns and restrictions. We recognise that some of our small business customers, particularly those in retail industries, are where the effects of lockdowns are being most acutely felt and may need extra support.”

Merchants can sign up for this exclusive offer through their CBA relationship manager or through an online application form on Klarna’s website.

For more information and Klarna’s eligibility criteria, please visit here.

For the full media release, visit CBA Newsroom.

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