Tag: Klarna

‘Buy now pay later’ boom fuels consumer debt concerns as transactions soar

With the rise of mobile payments, it seems Klarna has fallen behind. The company’s decision to release a physical card in UK last month was outdated and symbolic for an age where our digital lives take over every day – especially when you consider they only work on smartphones! The pastel pink and black cards…




Christmas Shopping Debt

Christmas shopping to leave Brits with four months of debt The average Brit gets into £439 of debt over the Christmas period, which can take four months to recover from. According to debt management company Lowell, more than a fifth (22 per cent) of British consumers are feeling pressure to spend beyond their means this…




Buy now pay later: How does it work?

More people are opting to use buy now pay later (BNPL) services for their shopping than last year, according to new data revealed to Panorama. An estimated 15 million adults of all ages in the UK are actively using this form of credit, an increase of more than two million since the start of the…