YOOX NET-A-PORTER signs global partnership agreement with Klarna

Luxury online fashion group YOOX NET-A-PORTER (YNAP) has signed a global agreement with payments provider Klarna to offer its "pay later" solutions across its platforms.

Options including the popular Pay in 3 and Pay in 4 products will now be offered alongside existing payment solutions on YNAP platforms with menswear site MR PORTER being the first to go live offering Klarna to customers in the US, UK, Germany, Austria, the Netherlands, Italy, Spain, Belgium and Finland.

NET-A-PORTER has launched in the US and Australia with other European markets launching later in 2021. This will be followed by implementation across off-price sites THE OUTNET and YOOX over the next 12 months.

Part of the Richemont empire, the YNAP group has 4.5 million high-spending active customers in 180 countries.