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The Latest Breaking News from Klarna

Deliveroo users' jaws hit the floor when they see 'horrific' suggestion at checkout

"Hideously wrong in so many ways"

Manchester Evening News

Martin Lewis hits out Deliveroo for buy now pay later scheme

The partnership has faced a backlash for encouraging people to use a buy now, pay later scheme to pay for food.

Evening Standard

Experts warn against using Klarna to pay for Deliveroo takeaways

There are fears people will fall into further debt as the costs spiral

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Brits can now spread the cost of a Deliveroo using Klarna - and experts don't like it

Consumers can now buy a Deliveroo takeaway using buy now, pay later firm Klarna, but experts say the idea is 'extraordinarily irresponsible' and can impact your finances

Daily Mirror

‘It’s just so easy, isn’t it?’ How buy now, pay later can leave Britons struggling with debt

We spend almost £1bn a month through retailers’ spread-the-cost payment schemes. But many borrowers find themselves missing payments, covering instalments with credit cards – and using the schemes to pay for food and other essentials. Is online credit spiralling out of control?

The Guardian - UK

Buy Now, Pay Later Payments: New Rules Consumers Should Know

Big changes are ahead for Buy Now Pay Later

The Street

Debt concerns as UK public sector workers turn to buy now, pay later

Use of services such as Klarna, Clearpay and Laybuy rising as staff rejected by mainstream lenders

The Guardian - UK

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EXPLAINER: What to know about 'buy now, pay later'

If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to “buy now, pay later” by breaking the cost into smaller installments over time

The Independent UK

As 'buy now, pay later' plans grow, so do delinquencies

A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments

The Independent UK

Apple Pay Later could move to the UK - how the US version works

iOS 16 could launch a new way to pay through Apple with no added interest

Glasgow Live

Klarna losses more than triple as consumer spending slows

Buy now, pay later firm will issue smaller loans to some customers to return to profitability

The Guardian - UK

Midwinter is coming … Fitz v Price … Dutton enjoys his lunch

The opposition leader joins a long list of politicans who have seemingly never encountered food before.

Crikey

This 'Hack' May Help Consumers With Rising Interest Rates

Carrying a balance on your credit card debt is growing more expensive as the Fed hikes rates.

The Street

Venture capital’s silent crash: when the tech boom met reality

Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs the party is over

Financial Times

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Businessweek

The Buy Now, Pay Later Juggernaut Is About to Be Tested

Economic uncertainty, competition, regulators, and the usual consumer debt problems are spoiling the fun.

Chronicle Live

Spiralling costs forcing families to use credit to pay essential bills

Increase in use of Buy Now Pay Later deals to pay for energy and food sounds alarm at energy and debt advice charities

The Street

Buy-Now-Pay-Later Star Klarna Tumbles From Its Pedestal

The rout of markets, due to recession fears, is hurting the valuations of even the most promising startups.

Input

Klarna’s valuation plummets amid criticism of 'Buy Now Pay Later' schemes

The company's dealing with competition, public scrutiny, and stingier shoppers.

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news in one place.

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The Guardian - UK

Klarna’s road ahead looks a little harder this year

With Apple set to enter the market and shrinking appetite for tech stocks the future looks less rosy for buy now, pay later firm

The Guardian - UK

Klarna sees its value slashed by 85% in latest round of fundraising

‘Buy now, pay later’ firm, once Europe’s most valuable private tech company, valued at less than $7bn

Evening Standard

Klarna wipes off 85% of value in latest funding round

The value of Swedish Buy Now, Pay Later business Klarna has plummeted 85% from its 2021 peak after a fresh funding round, in the latest sign of dwindling fortunes for short-term lenders amid rising inflation and fears of a looming recession.

The Independent UK

Tenth of students turning to food banks over cost-of-living crisis – survey

Students are turning to credit schemes such as Klarna as they struggle with the cost-of-living crisis, a National Union of Students survey found.

The Independent UK

Martin Lewis hits out at ‘painfully slow’ changes to buy now, pay later rules

Tighter regulation on the industry may not be enforced until 2024, according to reports

Glasgow Live

Martin Lewis hits back at 'painfully slow' regulation process for Klarna, Clearpay and more

Money Saving Expert criticised the 'painfully slow' process to regulate the buy now, pay later schemes that has thrown many young people into debt - firms such as Klarna, Laybuy and Clearpay became popular during the pandemic.

The Guardian - UK

Buy now, pay later: your rights over refunds as Missguided collapses

The fashion brand is not paying buyers back – but big finance firms say they will return cash

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