Buy gas now, pay later is a hard tiger to ride, writes KarenKKwok
Klarna and Zip, “buy now, pay later” service providers, have partnered with Texaco and Chevron gas stations to allow consumers to buy gas in instalments. Chevron currently is not paying Klarna any extra fee except the interchange fee to process for the BNPL service, sources told Breakingviews.a new study showing that nearly 60% of consumers say inflation is driving them to use BNPL products, and half of respondents who used BNPL say their usage has gone up in the past six months.
According to the same study, BNPL users are using credit to cover their BNPL purchases. More than 20% say they typically use their credit cards to cover their BNPL payments. About 40% of BNPL users currently have an outstanding balance of $665, on average.A smartphone displays a Klarna logo in this illustration taken January 6, 2020.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Harris Reed, Klarna launch competition for young designersBritish-American fashion designer Harris Reed has teamed up with global payment service Klarna to facilitate a competition for emerging fashion designers championing gender fluidity and sustainability.
Read more »
Harris Reed and Klarna Team on Fashion Design CompetitionThe competition focuses on aspiring designers who are championing gender fluidity and sustainability.
Read more »
Klarna IPO: What You Need To KnowBuying now and paying later is a fine old American tradition. “I buy everything on credit until I get no more, then I go to another store and do the same there.” That’s not a member of Generation Z talking about buy now, pay later services like Klarna—it’s from a German-American homemaker, interviewed in the […]
Read more »
How to Offer Buy Now, Pay Later to Customers with No Stress | HackerNoonConvenient payment options often lure customers to buy sooner. See how quick and easy this can be using the Marqeta platform.
Read more »
Deadline to buy Franklin County dog license is ThursdayThe deadline to buy a Franklin County dog license is Thursday, March 31.
Read more »