Leading global payments and shopping service, Klarna is providing zero merchant fees for the first six months for Commonwealth Bank 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.

“With over 90 million users and more than 250,000 merchants globally, Klarna’s ambition is to become Australians’ favourite way to shop, while delivering incremental growth Australian retailers,” Klarna chief expansion officer, Camilla Giesecke said.

“Retail has for been under pressure from the persistent nature of the pandemic, and small businesses, who are at the heart of our communities, have felt its impact most.

“Through our partnership with CBA, we are delighted to make this offer available to retailers, big or small, as part of our broader commitment to be a growth partner for the Australian retailers. We hope this will go some way in supporting their business in the short term, in the lead up to peak shopping season.”

Commonwealth Bank group executive of business banking, Mike Vacy-Lyle added, “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.

“CBA remains committed to playing a leadership role in Australia’s economic recovery, and this forms part of our broader business support. Having supported tens of thousands of businesses in the last 18 months with repayment holidays and fee waivers, we know how valuable cash flow relief can be for businesses.”

Merchants can sign up for this exclusive offer through their CBA relationship manager or through an online application form.