Klarna Partners with Apple for Apple Upgrade Leasing

New York, New York, United States - Klarna, the global digital bank and flexible payments provider, has announced it will serve as the exclusive leasing provider for Apple Upgrade, a new hardware leasing program launched by Apple in the United States.

The partnership allows customers to lease various Apple devices with flexible monthly payment terms. When the lease period concludes, customers have the flexibility to upgrade to the latest model, purchase the device, or return it. The program is designed to integrate seamlessly into Apple's existing sales channels.

Program Details:

• Eligible Devices: iPhone, Mac, iPad, and Apple Watch.
• Lease Terms: 12- and 24-month options for iPhone and Apple Watch; 24- and 36-month options for Mac and iPad.
• Additional Benefits: Customers can trade in existing devices during enrollment to reduce initial monthly payments.
• Availability: The service is currently available through the Apple Store online, the Apple Store app, and at physical Apple Store locations across the U.S.

Transaction Experience:

• Seamless Checkout: Customers can view transparent lease terms before finalizing their agreement.
• Approval Process: Applications can be completed within minutes at Apple Retail, online, or via the app, with immediate credit approval by Klarna.
• Management: Users can track and manage their leases directly within the Klarna app.