Klarna has added a ‘financial overview’ and other money management tools for Irish users, designed to help them monitor their spending.
The buy now pay later giant said it wants to ensure consumers are “fully equipped with the digital budgeting tools necessary to effectively track and manage their spending”.
The ‘financial overview’ dashboard in the Klarna Ireland app includes an array of budgeting and categorisation tools.
According to the company, the dashboard offers a “comprehensive suite of money management tools designed to give users full transparency into their spending and enable them to take active control of their finances”.
Consumers can now set a monthly allowance for themselves to control how much they spend with Klarna.
The new in-app bar indicator visually shows how much from each consumers’ set limit has been spent using all of Klarna’s products.
This applies to all purchases made with Klarna, whether that’s paying with Klarna at checkout or when using Klarna’s one-time cards in the Klarna App.
In addition, all transactions made with Klarna are now automatically organised into product categories, such as clothing, home and electronics.
This new categorisation allows consumers to understand where their money goes, helping them to make more conscious spending decisions.
The monthly spending breakdown also allows consumers to track their spending levels month on month and compare them to their average spending, via an interactive bar charts.
Each chart is colour-coded to reflect what proportion is spent on each category, “making it easy to see how spending patterns change over time.”
“Smart money management and informed budgeting are as important as ever for Irish consumers,” Klarna Ireland head of business development Colin Creagh said.
“With its intuitive, interactive dashboard, the new financial overview in the Klarna app makes it effortless for you to understand your spending habits and stick to your budget, placing the consumer in the driver seat of their financial future.”