Brace for the bill: Shoppers put $10 billion worth of purchases on buy now, pay later plans in November and $1 billion just on Cyber Monday.
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The buy now, pay later business has a stigma that could hold back a proposed ETF focused on the market, one observer noted.
Klarna says the card will offer one free tier and two paid tiers that include discounts and better cashback rates.
Private credit and buy-now-pay-later firms are teaming up to cut banks out of the consumer finance supply chain.
Klarna, which is planning a US public debut as soon as early 2025, announced stellar first-half results for 2024.