Klarna launches a physical card in the UK

Klarna has announced it is launching a physical card in the UK through Visa. The card utilises the company’s buy now, pay later product and lets users defer payments on their purchases both in-store and online. The Swedish fintech giant already rolled the card out in Germany and Sweden, where it is currently used by over 800,000 people, the company said.
The card will initially only give owners the chance to “Pay in 30”, which allows customers the ability to delay paying the item until next month, however it plans to add additional payment options in the future. In order to make money on each purchase, retailers which offer the payment solution are charged a small fee on each transaction. Read more…