Klarna, the payment platform, recently launched a feeless loyalty program to consumers in Germany, Australia, Sweeden, the United States, and the United Kingdom. The feeless loyalty program is named Vibe and it will be available in June. Klarna indicated that the loyalty program was created as a response to customer feedback, as many indicated they were looking for an ‘extra layer of rewards.’
The program dictates that each time a consumer makes a purchase using the Klarna app, they will receive one Vibe for each dollar they spend, as long as the purchase is paid off on time. Members of the program will also be able to access sales and different shopping experiences. A number of large brands have already entered the program through partnerships including Starbucks, Sephora, as well as Uber.
Image Credit: Klarna