Fintech startup Klarna is introducing a rewards program called Ambiance this summertime. If you use Klarna as your payment technique, you’ll begin making points for every single $1 you invest. You can then redeem your points for present cards at Starbucks, Sephora, Foot Locker and Uber.

Klarna is best understood for its buy now and pay later feature, which lets you pay over 4 installations with 0% interest. You can think as Klarna as a sort of credit card-alternative payment method as you do not need to pay for things right now.

Lots of e-commerce websites have included Klarna as a payment option to increase sales. It can increase conversion rates for expensive purchases in specific.

Selecting Klarna during the checkout procedure is one way to get rewards. But the business likewise has a mobile app that serves as a marketplace of stores. You can search Klarna-friendly stores directly from the Klarna app and track your orders.

It gets intriguing as the start-up has actually also developed a method to utilize Klarna on sites that don’t support Klarna, such as Amazon. You can open the Klarna app, search the web user interface of an unsupported shop and pay with a Ghost card.

Once to process your payments on unsupported websites, Klarna produces pre-paid cards that can just be utilized. You’ll likewise gather points with those purchase.

The benefits program might enhance use numbers in time. Some users could slowly construct a habit of opening the Klarna app when they wish to make an online purchase. Ambiance users will also have the ability to participate in different sales. As soon as again, Klarna positions itself as an alternative to charge card with the addition of benefits.

The new program will first release in the U.S. in June and will then be rolled out in other markets in the coming months, beginning with Germany, Australia, Sweden and the U.K. Klarna now has 8 million users in the U.S.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.