Commonwealth Bank customers will be able to benefit immediately from using innovative buy now pay later online shopping services following the official launch of Klarna Australia. By accessing Klarna through the banking app, CBA customers can quickly register and begin shopping at any online store. Purchased items will show up in the CommBank app and customers will also be able to take advantage of price drop and out of stock notifications directly from Klarna. Klarna will also be available to non-CBA consumers. After an initial investment of USD 100 million, CBA has invested a further USD 200 million in Klarna Group at the same valuation, to increase strategic alignment, bring additional rights, and gain exposure to Klarna's international growth. The USD 300 million total investment brings CBA's shareholding in Klarna Group to 5.5% from its initial 1.8% stake. CBA and Klarna will jointly fund and have 50:50 ownership rights to Klarna's Australian and New Zealand business. CBA also retains a right to partner with Klarna in Indonesia.