Tag Archives: Klarna

FCA called to regulate Buy Now Pay Later platforms after transactions triple in 2020

The UK’s Financial Conduct Authority has been called in to regulate the agreements used by buy-now-pay-later companies like Klarna and Clearpay, after a government review found potential for consumer harm. Earlier this month, the Treasury declared that fintech lenders using these channels would be required to carry out affordability checks …

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‘Buy now, pay later’ option brought into The Entertainer and ELC as toy shop becomes among the first to adopt Klarna

The UK family owned high street toy retailer, The Entertainer, has become the first major toy retailer to offer Klarna as a payment option to all online consumers shopping across its thetoyshop.com and elc.co.uk platforms, allowing customers to buy now and pay later in regular installments. The payment option has …

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