Buy-now pay-later payments surge to $120bn after e-commerce take-up May 26, 2022 Payments via buy-now pay-later products (BNPL) rocketed to $120bn last year after a surge in adoption by e-commerce giants like Amazon and Shopify, fresh data has revealed.
Klarna pulling back from growth to focus on profits, boss says May 26, 2022 Buy-now pay-later giant Klarna is shifting away from a high-growth strategy to focus on a fast-track route to profitability, boss Sebastian Siemiatkowski said today.
Klarna-backed £1.8bn lawsuit fights Google search engine manipulation February 7, 2022 Swedish price comparison firm PriceRunner said it was suing Alphabet-owned Google for about €2.1bn (£1.8bn), the latest firm to take legal action alleging the search giant manipulated search results.
Downing street launches charm offensive to woo Klarna into London listing February 1, 2022 Downing Street is attempting to woo buy-now pay-later giant Klarna into a London-listing over fears that high-growth firms may snub the city for New York, according to reports.
Buy Now Pay Later firm Klarna claims ‘credit cards pose the real risk’ January 7, 2022 Klarna has claimed credit card providers pose a bigger risk to consumers as Government prepares to clampdown on the BNPL sector.
Over 17 million have used buy now, pay later services November 29, 2021 The number of people who have used Buy Now, Pay Later (BNPL) services for their online shopping has now surpassed 17 million, according to reports. Klarna, the biggest BNPL player in the UK, has seen its number of customers double to 15m since last year, according to the BBC, which first reported the news. As [...]
Treasury mulls buy now pay later crackdown and launches consultation October 21, 2021 A regulatory crackdown on the booming buy now pay later (BNPL) sector is coming into sight after the Treasury launched a consultation on the policy options for the market today. Consumer rights charity Citizens Advice urged the government to swiftly translate the consultation into action, as it warned that BNPL borrowing can “be like quicksand [...]
Klarna launches ‘pay now’ feature for UK shoppers October 18, 2021 Buy now pay later (BNPL) fintech Klarna has branched out from its main service and launched a “pay now” immediate payment service in the UK. From today onwards, British online shoppers will be able to choose to pay immediately and in full using Klarna, with the same payment experience as if they were to choose [...]
Hot on the heels of Revolut, Monzo targets buy now pay later September 10, 2021 British challenger bank Monzo is plotting a move into the buy now pay later (BNPL) market, amid exploding demand for the services since the onset of the pandemic. The digital bank is reportedly prepping to announce the launch of a new BNPL product as soon as next week, the Evening Standard first reported, making it [...]
One in ten UK buy now pay later shoppers pursued by debt collectors September 3, 2021 One in ten UK shoppers who choose to pay for products using buy now pay later have been chased by debt collectors, amid exploding demand for the services since the onset of the pandemic. The proportion of buy now pay later (BNPL) shoppers that have received contact from or been referred to debt collectors rises [...]