Klarna Bank AB entered an agreement with BigCommerce to expand its existing U.S. partnership to allow that company's European merchants to use European merchants to offer Klarna's Pay Later and Slice It financing options to their customers.

The Pay Later option allows customers to split up a retail purchase into four smaller payments. Slice it offers financing to customers making online purchases. 

"BigCommerce is thrilled to now offer Klarna to our thousands of European merchants," Brent Bellm, chief executive officer of BigCommerce, said in a company release. "Klarna has become Europe's most popular alternative financing option by enabling increased consumer purchasing power, checkout conversion and average order value."

Photo courtesy of Klarna.