Hennes & Mauritz partners with Klarna

|About: Hennes & Mauritz AB ADR (HNNMY)|By:, SA News Editor

Hennes & Mauritz (OTCPK:HNNMY) announces a new partnership with Swedish firm Klarna to integrate digital payments tech into the company's store and online checkout system.

The Klarna system is expected to provide a "seamless, personalised and engaging shopping experience" for customers.

H&M picked up a Klarna equity stake of $20M as part of the deal.

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