A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
November 21, 2023
On the web
Form3 to Support Klarna’s European Payments
Fintech Finance News
November 14, 2023
On the wires
Klarna Expands Growth Tools for Retailers and Creators Through Global Rollout of Creator Shops and Ads Manager
PR Newswire
October 31, 2023
On the web
British Rival Klarna Valued at £1.65bn After Securing eBay Backing
Business News
October 12, 2023
On the wires
Klarna Taps AI for Human Shopping Experience in Major Autumn Launch
PR Newswire
September 19, 2023
On the web
As Klarna Aspires to be a Global Bank, Affiliate Marketing is its Cash Cow
Sifted
July 31, 2023
On the web
Klarna Scraps Open Banking Brand Klarna Kosma
Tech.eu
July 19, 2023
On the web
Klarna is First BNPL Provider to Partner with Money Adviser Network to Provide Customers with Fast, Free Debt Advice
Klarna
June 21, 2023
On the wires
Karma Wallet Announces Partnership with Marqeta to Launch Sustainable Prepaid Debit Card, Empowering Eco-Conscious Consumers with Seamless Payment Experience
PR Newswire
June 16, 2023
On the web
Klarna Keeps Looking for Non-BNPL Features to Maintain Growth
Insider Intelligence
June 15, 2023
On the web
Klarna CEO on How AI Will Make Online Shopping More 'Emotional'
Yahoo News
June 14, 2023
On the wires
Klarna Unveils New Tools Enabling Consumers to Shop More Consciously and Take Climate Action
PR Newswire
May 25, 2023
On the web
Klarna Launches UK’s First Credit ‘Opt Out’ After Meeting with MP
Klarna
May 18, 2023
On the web
Retail Revolution: New Data Reveals Next Generation of Shoppers Ready for AI, AR and Robots!
Klarna
April 25, 2023
On the web
Klarna Spotlight, Spring ‘23: New AI-Powered, Personalized Shopping Feed and Innovations for Consumers and Retailers
Klarna
March 23, 2023
On the wires
Klarna Brings Smoooth Shopping to ChatGPT
PR Newswire
March 16, 2023
On the wires
Klarna Unveils Conscious Badges Powered by Clarity AI, the World's First Assessment of Electronics Brands' Environmental Achievements
PR Newswire
January 25, 2023
On the web
Klarna Introduces Money Story: A Personal Overview of Your Spending in 2022
Klarna
January 17, 2023
On the web
The US is Now Klarna’s Biggest Market
AltFi
Ingenico partners Klarna to Offer In-Store Payment Solutions
Electronic Payments International
Payments acceptance solutions provider Ingenico has teamed up with Swedish buy-now-pay-later (BNPL) outfit Klarna to provide various payments tools at retail outlets. Under the strategic partnership, Klarna will use Ingenico’s cloud payments platform as a service tool, PPaaS, to introduce its alternative payment solutions at different point of sale (POS) terminals.
January 13, 2023
On the web
Citcon Partners With Klarna to Offer Klarna’s Flexible Payment Solutions Worldwide
December 7, 2022
On the web
Klarna Adds Granular Carbon Foot Printing to More Than 50 Million Fashion Items
Internet Retailing
“BNPL payment provider Klarna has partnered with climate tech start up Vaayu to provide shoppers with granular carbon footprinting for more than 50 million fashion items, giving them more accurate insights on their environmental impact than ever before and empowering them to make more conscious purchasing decisions. Using Vaayu’s technology, Klarna’s upgraded CO2e tracker automatically calculates carbon emissions for fashion purchases on a product-level in real-time, as featured in Klarna’s recent ‘Spotlight’ event. The cradle-to-grave life cycle assessment (LCA) approach provides users with an enhanced breakdown of a product’s CO₂ emissions along different stages of its lifecycle, allowing Klarna’s 150 million consumers to develop a deeper understanding and sensitivity for their shopping choices.”
November 14, 2022
On the web
A ‘Credible Alternative to Google and Amazon’: Klarna Brings Its Price Comparison Tool to Europe
TechCrunch
“Klarna is expanding into the competitive world of price comparisons, with the launch of a new tool that compares prices across thousands of retailers. The company quietly rolled out the price comparison service in the U.S. a few weeks back, and is now extending this into additional markets in Europe including The U.K. and the Nordics. The European “buy now, pay later” fintech has had a turbulent year, laying off 10% of its workforce in May followed by a second round of layoffs in September. Sandwiched in between, news emerged that Klarna had raised $800 million in funding, albeit at a valuation 85% lower than the previous year, a trend that has echoed elsewhere across the fintech sphere and beyond.”
On the wires
Viva Wallet and Klarna Enter Europe-Wide Partnership
PR Newswire
“European cloud-based neobank Viva Wallet is set to further expand the line-up of payment options offered to their thousands of merchants across the continent. Klarna, counting 150 million global active users and 2 million transactions per day, is the latest addition to Viva Wallet’s online and in-store innovative payment platforms. Through this partnership, merchants meet the needs of a new generation of shoppers demanding more convenient, flexible payment alternatives that help them stay in control of their finances. Pay in 3, Pay in 30 Days, Pay Now, or opt for Financing to pay over 3-36 months in a smooth one-click purchase; Klarna’s payments offering is now added to the collection of over 30 payment options delivered by Viva Wallet, featuring all major international as well as local payment schemes to accommodate all transactions. “Pay with Klarna” will be available to those interacting with the online and brick-and-mortar touchpoints, supported by Viva Wallet POS app that turns any Android mobile into a card terminal, and Smart Checkout payment gateway for e-shops, “allowing consumers to pay when and how they prefer to, saving time and money” as per Klarna’s scope.”
October 21, 2022
On the web
Klarna CEO on Future of Buy Now, Pay Later (Video)
Bloomberg
“Klarna CEO Sebastian Siemiatkowski joins Emily Chang to discuss the launch of its latest tool, competition on the US and international scene, potential BNPL regulation and consumer sentiment.”
October 6, 2022
On the web
Budgeting, Apps and Coupons: New Klarna Holiday Report Shows Big Behavior Changes
TechCrunch/Yahoo Finance
More than 2 in 3 (68%) of shoppers plan to spend more or the same on holiday shopping this year compared to last year, according to a new holiday report from Klarna, the global leader in the generational shift away from credit cards. About 1 in 4 (24%) of shoppers have tightened their budgets and plan to spend less. Moreover, while 1 in 3 (31%) plan to spend more this holiday season, consumers of all ages are also prioritizing deals, discounts, and apps, signaling an even bigger emphasis on smart and savvy shopping habits.
“The data this year tells a slightly different story about holiday shopping. We’re seeing a combination of shoppers tightening their budgets, and shoppers that are willing to spend at similar or higher rates. But the common denominator is that the majority are approaching the holiday season sales in a much more savvy way,” said Klarna’s Global Head of Partner Success, Raji Behal. “The vast majority of all holiday shoppers this season are focused on budget-friendly products, discounts, and smarter ways to shop.”
August 31, 2022
On the web
Klarna’s Half Yearly Operating Loss Rises
Kelo
“Swedish payments company Klarna said on Wednesday its half-yearly operating loss more than tripled weighed down by an increase in employee costs, higher credit losses and continued investment in market expansion. The operating result for the first half of the year was a loss of 6.17 billion Swedish crowns ($578.52 million) compared with 1.76 billion crowns in the year-earlier period. Total credit losses rose to 2.85 billion crowns from 1.85 billion crowns a year earlier. Known for its “buy now, pay later” (BNPL) services, Klarna grew fast during the pandemic but since the start of the year rampant inflation and the war in Ukraine had worsened business sentiment.”
August 15, 2022
On the web
Klarna Expands ‘Super App’ to Track All Your Shopping
Alt Fi
“Klarna wants to lead a generational shift away from credit cards and, increasingly, be users’ only app for online shopping. Klarna has made a big step forward in its long-term strategy to become the sole shopping app consumers use. The BNPL giant has updated its app so consumers can use it to keep track of all online shopping, not just Klarna purchases. Klarna says the move will help UK consumers save time and manage their online purchases more convenient. Users connect their email accounts to the app and Klarna scans details from order confirmation emails and imports the data into the Klarna app. This data includes product images, prices, delivery tracking numbers, and carrier and parcel tracking information. The feature is compatible today with Gmail and Outlook.”
July 27, 2022
On the web
Klarna’s Fall From Grace Calls Into Question Unicorn Board Valuations
Crunchbase News
“The explosive growth in value and funding for startups on The Crunchbase Unicorn Board appears to be leveling off as 32 companies joined in June, adding $49 billion in value and $7.7 billion in funding to the board. In addition, payment fintech Klarna’s massive downround this month calls into question the board’s $4.6 trillion value in June, as Klarna is now poised to topple from its heady No. 6 spot. Klarna shed $39 billion in value from the board with its most recent $800 million funding that valued the company at $6.7 billion. Klarna is now valued below Europe-based online payments integrators Checkout.com, Rapyd and point of sale payments SumUp, but valued above payments integrator Mollie. This 86% drop also calls into question many highly valued unicorns on the board.”
July 13, 2022
On the web
Blackhawk Network and Klarna Partner to Offer Consumers More Flexible Payments In-Store
Blackhawk Network
“Today, a new partnership between global branded payments provider, Blackhawk Network, and leading global retail bank, payments, and shopping service, Klarna, will extend the ability for consumers to use Klarna’s interest-free alternative payment solutions at a variety of physical retail locations. As consumers expect increased flexibility in the way they shop and pay throughout their everyday purchases, this new partnership will enable the integration into Blackhawk’s vast US network, including categories ranging from grocery to electronics, beauty, and more, by tapping into Blackhawk’s payments technology integration with major retail partners and leaders.”
July 11, 2022
On the web
Klarna Raises $800 Million as Valuation Plunges 85% in a Year
Reuters
“Swedish payments firm Klarna Bank AB said on Monday it had raised $800 million of funds at a valuation of $6.7 billion, down around 85% from the $46 billion price-tag it attracted last year. The tough stance taken by funders comes amid a drop-off in investor interest in fast-growing tech ventures that have yet to turn a profit and are burning through their cash reserves.”
Payments News
Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.
Top Stories from Payments News
Glenbrook Payments Boot camp®
Register for the next Glenbrook Payments Boot Camp®
An intensive and comprehensive overview of the payments industry.
Train your Team
Customized, private Payments Boot Camps tailored to meet your team’s unique needs.
OnDemand Modules
Recorded, one-hour videos covering a broad array of payments concepts.
Glenbrook Press
Comprehensive books that detail the systems and innovations shaping the payments industry.