(IN BRIEF) Visa has teamed up with Klarna to launch the Klarna Card, a flexible debit product that allows consumers to pay immediately or later at over 150 million Visa-accepting merchants worldwide. The card features Visa’s Flexible Credential, offering users … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged debit product, digital-first consumers, Europe, everyday banking, FDIC-insured wallet, flexible payment options, Klarna, Klarna Card, Klarna payments network, Neobank, partnership, Pay in 4, pay later, smart payments, U.S., VISA, Visa Flexible Credential, WebBank
18–24 year-old consumers who use ‘buy now, pay later’ (BNPL) products spend 20 per cent of their discretionary income on repayments 29 per cent are concerned about their ability to pay back what they borrowed, and nearly 8 per cent … Read the full press release
Posted in Banks, Financial, News, Society, United Kingdom
Tagged Antony Stephen, Barclays, Barclays Partner Finance, BNPL loans, BNPL products, BNPL providers, buy now, credit score, Gen Z BNPL users, Gen Z consumers, loans, pay later, repayments, RESEARCH, Richard Lane, StepChange, unregulated credit, younger shoppers
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