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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.
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October 17, 2024
On the web
Klarna Payment Options Now Available at Checkout on Apple Pay In-App and Online
Klarna
"Klarna, the AI-powered global payments network and shopping assistant, is now available to users checking out on Apple Pay online and in apps with iPhone and iPad on iOS 18 and iPadOS 18 or later. Starting today, eligible Apple Pay users in the U.S. and UK will have access to Klarna’s flexible payment offerings, including pay later in three or four installments with no interest or over longer periods with APRs starting at 0%."
On the wires
Rite Aid Partners with Klarna to Offer Pay in 4 Option in All Stores
Business Wire
"Rite Aid, one of the nation’s leading pharmacy retailers, announced a new partnership with Klarna, the AI powered global payments network and shopping assistant, to offer Rite Aid customers the popular Pay in 4 payment option for greater flexibility in managing their purchases across all stores."
October 15, 2024
On the web
Merchants Continue To Choose Klarna, With 100,000 New Retailers Joining Klarna’s Network in One Year
Klarna
"Klarna announced a significant growth milestone in its company history: over 100,000 retail partners added since August 2023, expanding its total network to over 600,000 merchants."
October 10, 2024
On the web
Klarna Cashback Drives $100M-Worth of Sales in Just Six Weeks
Klarna
Klarna has released data on its launch of cashback. In the six weeks since launch: 506,378 Klarna shoppers have earned $2.7m dollars in cashback; Klarna merchants have given cashback on $98.4m worth of sales; Over 1,000 cashback promotions have been launched.
September 24, 2024
On the web
Klarna and Xero Bring Buy Now, Pay Later to Small Businesses
IBS Intelligence
"Klarna is working with Xero to help small businesses accept payments from consumers wanting a ‘buy now, pay later’ option. For Xero’s customers, offering Klarna’s alternatives to traditional credit means they can get paid upfront while their customers don’t have to worry about high interest rates and hidden fees."
September 20, 2024
On the web
Shopping Made Smarter: Klarna Adds More AI Features to Its Assistant Powered by OpenAI
Klarna
"Klarna announced new features to its AI assistant powered by OpenAI. The AI assistant now offers a chat-based shopping experience, helping users spend less time and supports them in finding the right goods at the right price."
September 10, 2024
On the wires
Klarna Partners With UATP to Tap the $1 Trillion Air Travel Industry
PR News Wire
"UATP announced a new partnership with Klarna. The partnership allows airlines to offer Klarna's flexible payment services, including interest-free Buy Now Pay Later, providing customers with more flexible payment options for travel products and services."
August 21, 2024
On the web
Laybuy Company [New Zealand] Bought by Swedish Firm Klarna
RNZ
"Swedish fintech company Klarna said on Wednesday it had bought Laybuy's asserts in New Zealand and planned to relaunch the service in the coming weeks."
August 15, 2024
On the web
Klarna Customers Can ‘Save Now, Pay Later’ With New Balance and Cashback Features
Klarna
"Klarna has launched two new products launched in 12 countries across Europe and the US: Klarna balance allows consumers to store money in a Klarna ‘account’, adding money directly from their bank account or receiving refunds from returned items and Cashback rewards for consumers who shop in the Klarna app."
July 22, 2024
On the web
Klarna Combines Sofort Payment Process with Klarna Payments
Open Banking Expo
"Global payment network Klarna has integrated its bank-to-bank payment service Sofortüberweisung (Sofort) into Klarna Payments, citing increased security at checkout for both consumers and merchants."
July 1, 2024
On the web
Britons Are Struggling With Financial Language Fluency, and It’s Costing the Nation Over £6B per Annum
Klarna
"Klarna, released the results of a national survey exploring financial language understanding across the UK. The report reveals millions of UK adults (40 per cent) think mastering money terms is harder than learning to speak a new language - with young adults feeling the pressure most."
June 25, 2024
On the web
New Owners to Take Klarna Checkout to the Next Level
Klarna
"Klarna announced the divestment of Klarna Checkout. The buyer is a consortium of investors led by Kamjar Hajabdolahi, CEO & Founding Partner at BLQ Invest."
May 23, 2024
On the web
The CFPB Should Recognise Key Differences Between BNPL and Credit Cards
Klarna
"The Consumer Financial Protection Bureau (CFPB) issued new interpretive guidance relating to Buy Now, Pay Later regulations in the US. From our initial read, this announcement does not require any major changes to Klarna’s business and we consider today’s announcement to be a significant step forward in getting BNPL regulation in place in the US."
April 22, 2024
On the web
Klarna Expands Global Partnership With Expedia Group, Offering Flexible Payments to US Consumers
Klarna
"Klarna, the AI powered global payments network and shopping assistant announced the expansion of its partnership with Expedia Group to the US market."
April 17, 2024
On the web
New and Improved Klarna Card Announced in the US, Empowering Smarter Spending and Greater Financial Control
Klarna
"Klarna, the AI powered global payments network and shopping assistant, announced it has opened its waitlist for the new Klarna Card to all US consumers."
April 4, 2024
On the web
Klarna ‘Wikipink’ Challenges Broken US Credit System With Transparent Data
Klarna
"Klarna announced in an industry-first, the launch of a new online initiative - Wikipink - aimed at setting new standards for transparency and responsibility in the credit and lending industry. Klarna challenges the status quo by revealing comprehensive data on its services, including repayment rates, late fee rates, and consumer age demographics, highlighting its commitment to fair and sustainable credit solutions."
Klarna Challenges UK Banks With Transparent Consumer User Data Revealing 95% of Payments Paid on Time or Early
Klarna
"Klarna announced Wikipink, an industry-first data hub with facts on how UK consumers are using Klarna’s credit products. Amid growing scrutiny over the practices of credit providers and increasing credit card debt in the UK, Klarna revealed comprehensive data on repayment rates, debt-collection, defaults and consumer age demographics."
March 14, 2024
On the web
Klarna Adds Open Banking Settlements for 18 Million Consumers and 32,000 Retailers
Klarna
"Klarna has begun to roll out open banking-powered settlements in the UK, which means consumers can now pay Klarna directly from their bank account instead of using a debit card, bypassing card networks."
February 28, 2024
On the web
Klarna AI Assistant Handles Two-Thirds of Customer Service Chats in Its First Month
Klarna
"Klarna announced its AI assistant powered by OpenAI. Now live globally for 1 month, the numbers speak for themselves..:"
February 22, 2024
On the web
Buy Now, Pay Early: 97.4% of Klarna Black Friday Purchases Paid off on Time or Early [UK]
Cision
"Klarna, the AI-powered global payments provider and shopping assistant, has revealed UK consumers paid off 97.4% of Black Friday orders on time or early, an increase of 2% compared with last year."
January 24, 2024
On the web
Klarna Enters Booming Subscription Market With the Launch of Klarna Plus in the US
Klarna
"Klarna, the AI powered global payments network and shopping assistant, today announced its entry into the subscription service model with the launch of Klarna Plus, issued by WebBank, now available to eligible US consumers through the Klarna app for a monthly fee of $7.99."
December 5, 2023
On the web
Adyen to Act as Acquiring Bank for Klarna, Starting 2024
Finance Magnates
"In a move to “simplify payments”, the financial technology platform Adyen, has announced that it is expanding its partnership with Klarna, an AI-powered global payments network."
November 21, 2023
On the web
Form3 to Support Klarna’s European Payments
Fintech Finance News
"Form3, the cloud-native account-to-account platform, announced it will be providing Klarna, the AI-powered payments network and shopping assistant, with SEPA connectivity to bolster its customer offering in Europe as part of its wider international growth strategy."
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
"Klarna announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective ways and enhance the shopping experience for consumers."
October 31, 2023
On the web
British Rival Klarna Valued at £1.65bn After Securing eBay Backing
Business News
"Zilch chief executive Philippe Bellament said the company was looking to ‘double sales, triple revenues and fivefold gross profit’ in the financial year to March 2023. A British rival to Swedish buy-now-pay-later (BNPL) giant Klarna has secured an investment from eBay in a deal valuing it at $2bn (£1.65bn)."
October 12, 2023
On the wires
Klarna Taps AI for Human Shopping Experience in Major Autumn Launch
PR Newswire
"Klarna, the AI-powered global payments network and shopping assistant has today unveiled a treasure-trove of 13 new products as part of its Spotlight Fall launch."
September 19, 2023
On the web
As Klarna Aspires to be a Global Bank, Affiliate Marketing is its Cash Cow
Sifted
"Last week, Swedish buy now, pay later (BNPL) scaleup Klarna brought 4,000 employees together in Stockholm; social media showed people dressed up in bandanas or Klarna pink — there were even a few Minions."
July 31, 2023
On the web
Klarna Scraps Open Banking Brand Klarna Kosma
Tech.eu
"Klarna has scrapped its open banking brand Klarna Kosma after less than 18 months. The Swedish BNPL giant launched Klarna Kosma as a brand and business unit in April last year, saying it represented a “major strategic move”."
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
"Klarna, the global payments network and shopping destination, today announced a partnership with the Money Adviser Network to help its consumers access free and impartial debt advice quickly, as part of wider efforts to promote healthy spending. This makes Klarna the first Buy Now Pay Later (BNPL) provider to join forces with the Money Adviser Network."
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
"Karma Wallet, a sustainable fintech platform, today announced a partnership with Marqeta, a global modern card issuing platform, to launch a prepaid debit card solution, which will empower consumers to make a positive impact on the world while managing their finances."
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