“In buy now pay later venture Klarna’s interim report, covering January to June 2021 and published this week, Chief Executive and Founder, Sebastian Siemiatkowski, claims that credit cards drive economic inequalities…It’s a point of view that doesn’t sit well with the folks at money.co.uk, an online comparison service that allows people to compare financial products. “There’s no doubt that problem debt can cause misery and worse to people trapped in a cycle of ever bigger repayments,” says Senior Editor James Andrews. “But what’s harder to see is how Klarna is the answer to that. People who can’t afford to repay aren’t exactly welcomed by the lender, and those that can repay on time see very little benefit for the loss of an awful lot of privileges.””