Klarna has launched a new interactive ‘Mythbuster’ campaign in an effort to dispel “ridiculous” myths about its service amid looming clampdowns and an influencer backlash.
The Swedish payments giant has partnered with Spanish artist Ignasi Monreal for the campaign, which has seen seven giant murals be painted across London, Manchester, Liverpool and Birmingham.
Each of the “epic mythical paintings” addresses what Klarna has called “misconceptions” and myths about the brand.
These include accusations that Klarna is a “tyrant targeting the innocent youth”, that its buy now, pay later service “hypnotises you into thinking you’re not spending real money”, and that it is making “making money from hidden and late fees”.
In a world of misinformation, it is time to set the record straight! We've created 7 mythical paintings inspired by the most common misconceptions about Klarna in the UK & are inviting you to discover the truth 🧞: https://t.co/wYS4v0f205 pic.twitter.com/6LdRIAS4QO
— Klarna (@Klarna) May 12, 2021
Bystanders will be able to scan QR codes in these murals and enter an interactive “Mythbuster Challenge”, where they are required to find answers to a question aimed at dispelling these negative allegations.
It comes as a number of influencers have shunned the brand over concerns that its delayed payment service could be leading some shoppers into debt, or damaging their credit scores.
In and article published with the BBC Oghosa Ovienrioba, known to her followers as @SincerelyOghosa, said she stopped working with Klarna after reading about how some young shoppers “had gone into debt and were struggling to get their credit score under control” after using its service.
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Last month a study published by Citizens Advice found that a 45 per cent of 18 to 34-year-olds have used a BNPL scheme over the past 12 months in the UK.
Over 50 per cent of those young adults said they did so without realising it, while a further 35 per cent said they went on to regret doing so.
Klarna’s head of marketing AJ Coyne said: “Transparency is everything to us at Klarna and for too long misconceptions have existed about our brand, so we decided the best way to address this was head on and invite consumers to discover the truth.
“Given the ridiculous nature of the myths, we decided to create some epic mythical paintings and display them proudly across the UK. That said, a traditional media approach is not sufficient to change behavior, so instead we’re inviting consumers to debunk in real time via our interactive experience and discover the truth for themselves.”