Klarna reaches 7 million UK users
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‘Buy now, pay later’ app Klarna Bank AB this week revealed it has now served more than 7 million customers in the UK. The Swedish bank and online financial service…
Klarna posts £87m loss in first deficit since launch
Klarna has posted its first annual loss in its 15-year history despite revenues jumping by almost a third. The Swedish ‘buy now, pay later’ giant saw its profits plummet from…
JD Sports partners with Laybuy to offer more ‘buy now, pay later’ options
JD Sports has added another ‘buy now, pay later’ (BNPL) scheme to its offering as it partners with Laybuy. Customers can now pay for goods in six interest-free weekly payments…
WHSmith offers ‘buy now, pay later’ with Laybuy
WHSmith has partnered with ‘buy now, pay later’ giant Laybuy to offer customers the option to spread payments over six weeks. From today WHSmith customers can pay for their purchases…
‘Buy now, pay later’ schemes damaging millions of shoppers’ credit scores
Two million UK shoppers have had their credit scores damaged by ‘buy now, pay later’ (BNPL) schemes driving increasingly levels of consumer debt. One in five shoppers are understood to…
Schuh brings Klarna instore with new partnership
Footwear brand Schuh has teamed up with Swedish FinTech company Klarna to extend its buy now, pay later scheme to in-store purchases. Schuh already uses Klarna on its websites in…
Klarna boasts 1 new merchant partner every 8 minutes amid stellar 2019
Klarna has added over 60,000 new merchants in 2019, partnering with a new retailer every eight minutes on average. The ‘buy now pay later’ platform said the number of new…
Ebay to begin offering “buy now pay later” scheme
Ebay is set to launch a “buy now pay later” scheme next year as it partners with payments giant Afterpay. Afterpay will launch on Ebay’s Australian platform in 2020, enabling…
River Island and Klarna team up to offer ‘Pay in 3’ system
River Island and Klarna have teamed up to offer an easier way for customers to buy online using a ‘Pay in 3’ system. Shoppers at the high street fashion retailer…
Buy now pay later schemes causing 36% of millennials “financial stress”
Buy now pay later schemes are causing over a third of UK millennials to experience financial stress after being encouraged to spend money they don’t have. Hastee’s annual Workplace Wellbeing…