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June 11, 2020

On The Web

Deals

iBanFirst raises $23.8 million for its borderless financial services

TechCrunch

“Just like TransferWise is helping people and freelancers move money around the world, iBanFirst is solving a similar issue but for small and medium companies. And it turns out that it creates a different set of challenges. After creating an iBanFirst account, you can make cross-border payments in 30 currencies. The startup partners with local banking partners so that you pay much less than what you’d pay with your existing corporate bank account. You transfer money to a local account in your country, you exchange to another currency and you initiate a transfer from a local bank in your supplier’s country.”

Global

Goldman Sachs’ Marcus Digital Bank Has Taken so Many Deposits in the UK That It’s Pausing Them

CNBC

Goldman Sachs’ digital bank Marcus has paused applications for its easy-access savings account in the U.K. because of a surge in deposits during the country’s coronavirus lockdown. New British customers of the bank will no longer be able to apply for an online savings account with Marcus as of Wednesday. Goldman Sachs said the decision was temporary and had to be taken because the volume of deposits was approaching regulatory limits.”

Global

Sudan Embraces Digital Payments to Build a More Inclusive Economy

East African Business Week

“As part of its vision to transform its economy, the Republic of Sudan announced today a new commitment to accelerate the transition from cash to digital payments. By joining the United Nations-based Better Than Cash Alliance, the government commits to increasing financial inclusion and transparency, taking steps to build an economy that benefits all citizens. Moving from cash to responsible digital payments is central to the government’s economic recovery and reform strategy. In particular, digital payments will be critical to the success of the recently announced Sudan Family Support Program, which will provide monthly direct digital transfers to around 80 percent of Sudanese families. The Program seeks to spur economic growth, reduce poverty, and improve food security and health throughout the country.”

Providers

BBVA Open Platform Helps Firms Move Money in Real-time

Finextra

“BBVA’s API-powered open banking platform has launched a real-time payments service, powered by Visa Direct, for US companies. Its latest offering takes advantage of Visa Direct to let companies, through a single integration with the platform’s Move Money API, offer their customers frictionless, real-time payments to and from eligible debit cards.”

On The Wires

Companies

Pay by Link Technology Helps Australian Boutique Keep Sales Flowing During Lockdown

Adyen, the global payments platform of choice for many of the world’s leading companies, today announced Australian fashion retailer, Incu , has implemented its Pay by Link technology to reach customer markets which had been shut off by the COVID-19 lockdown. Just weeks after Pay by Link launched, Incu is achieving the same level of sales from key customer segments as before stores closed. Prior to stores shuttering in March, Incu staff used Chinese messaging service, WeChat, for social selling. It operated as an interactive mailing list, to share new product updates, answer sizing and styling questions, and transact with Mandarin-speaking customers. Purchases were then finalised through in-store Point of Sale (POS), or via direct transfer.”

Domains

Transactis Announces Partnership With Payrailz

Transactis , a Mastercard company and leading billing and payment solutions provider, announced that it has signed an agreement with Payrailz , a digital payments company offering smarter, more engaging payment experiences to banks and credit unions. Payrailz will integrate Transactis’ electronic bill presentment and payment solution, BillerIQ, with its smart payments hub, PayWayz, providing its financial clients with an effective digital billing and payment management solution.”

Domains

MineralTree Expands AP Automation for International Invoices & Payments

MineralTree, a market-leading accounts payable (AP) and payment automation solution provider, today announced the availability of new end-to-end multi-currency capabilities for middle-market businesses. The offering equips users to automate the capture, processing, and approval of international invoices from around the world leveraging the same platform and workflow they use for domestic invoices. It also syncs seamlessly with client ERP and financial systems to reconcile invoicing exchange rates with users’ native currency.  In addition, a new partnership with leading B2B payments firm TransferMate enables MineralTree users to easily pay invoices in more than 130 different local vendor currencies.”

Global

Klarna and Raisin Launch Cooperation on Deposits

“Klarna, a global leader in payments and online shopping, has launched a cooperation in Germany with the deposits marketplace Raisin. By partnering with the Berlin-based fintech Klarna is further expanding into the German savings market. In a first for Klarna, and available exclusively to Raisin’s customers in Germany ( https://www.WeltSparen.de ), the new products include an overnight money account with a competitive interest rate of 0.35%. The Klarna deposit products from overnight to terms of up to 48 months are accessible through a completely online process via WeltSparen.”

Providers

Sensibill Partners with Chase for Digital Receipt Management

“Sensibill has partnered with Chase to provide the bank with its digital receipt management solution, making it easier and quicker than ever before for Chase customers to make returns, submit warranties and expenses, track spending and manage their financial health. “Chase has created a digital banking experience that makes it easier for consumers and businesses to manage their finances,” said Corey Gross, co-founder and CEO at Sensibill. “Through our partnership with Chase, millions of customers will have access to a best-in-class product that solves the hassle of expense and receipt management.””

Systems

BitPay Launches Prepaid Mastercard in the United States

BitPay , the largest global blockchain payments provider, today introduces the BitPay Card, the first Mastercard® Prepaid card for crypto users in the United States. The BitPay Card enables customers to instantly convert cryptocurrency into fiat currency, which is then loaded onto the card and can be spent anywhere Mastercard debit is accepted around the world. Customers can also use their cards online for purchases and to withdraw cash from ATMs.”

June 10, 2020

On The Web

Companies

Amazon Unveils Small Business Credit Line With Goldman in Latest Tie-up Between Tech and Wall Street

CNBC

Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs , CNBC has learned exclusively. Small business owners who sell items on the e-commerce giant’s platform will soon be receiving targeted invitations from Goldman’s Marcus brand for credit lines of up to $1 million, according to people with knowledge of the project.”

Deals

BlackRock backs Trustly, bank transfer payments platform now valued at over $1B

TechCrunch

“Online payments are often synonymous with card payments, but today a startup that’s built a profitable alternative, based around making and taking payments by way of a bank transfer, is announcing a round of funding amid a surge of growth. Trustly , a startup from Sweden that has built a platform to make it as easy (and competitive) for merchants to accept bank transfers as it is to take card payments to complete online transactions, is today announcing that it has raised a significant round of funding from a group of investors led by BlackRock.”

Domains

Pinwheel is the API platform for income verification that every fintech and neobank needs

TechCrunch

“And so came the idea for Pinwheel, an API layer for payroll data that handles everything from income and employee verification to easily switching and managing direct deposit. The company officially came out of stealth today and announced that it has raised a $7 million seed round from Josh Kopelman at First Round Capital and Greg Bettinelli at Upfront Ventures, who will both join the company’s board. Like any API platform, there are a range of users and data that they want to connect to. For consumers, the main draw is automated direct deposit control, which will allow consumers to control where their paychecks go.”

Domains

Credorax Partners With Mondial to Launch Omnichannel POS Acquiring in Italy

PaymentsSource (paywall)

“Mondial Bony has partnered with Credorax to launch the MondialPOS merchant acquiring solution in Italy to address the country’s shift to e-commerce amid coronavirus. The new partnership will allow Mondial Bony to expand beyond its money remittance platform, where it is an authorized payment institution by the Bank of Italy, emphasizing B2B invoice cross-border payments. Credorax will provide an omnichannel payment gateway for Mondial to resell to its clients. The Credorax payment gateway will be leveraged for both the online and in-store merchant acquiring solution.”

Global

Uber Africa launches Uber Cash with Flutterwave and explores EVs

TechCrunch

Uber is launching its Uber Cash digital wallet feature in Sub-Saharan Africa through a partnership with San Francisco-based — Nigerian-founded — fintech firm Flutterwave. The arrangement will allow riders to top up Uber wallets using the dozens of remittance partners active on Flutterwave’s Pan-African network. Flutterwave operates as a B2B payments gateway network that allows clients to tap its APIs and customize payments applications.”

Global

CaixaBank Rolls Out Facial Recognition ATMs Across Spain

NFC World

“Spain’s CaixaBank is to deploy ATMs equipped with facial recognition technology nationwide “with the goal of offering a better user experience and greater security in transactions, particularly in the context of Covid-19”. “The system is the first launched by a financial institution on a global level that allows users to withdraw money by simply recognising them from the image captured by the terminal’s camera, meaning they do not have to manually enter their PIN,” the bank says.”

Global

Swedish Banks Set up P27 Migration Committee

Finextra

“The Swedish Bankers’ Association has formed a P27 Migration Committee, as the country prepares to replace its payment rails with a new pan-Nordic real-time cross border platform. P27’s initial goal is to enable real-time, batch, domestic and cross-border payments to be carried out quickly and at low cost between people and businesses within the countries of Denmark, Finland and Sweden.”

Systems

Discover Says 80% of Forbearance Clients Made Payment

Bloomberg

“Forbearance appears to be working for Discover Financial Services. “Of the customers no longer enrolled in the skip-a-payment program, more than 80% are making payments the following cycle and getting back on their feet,” Chief Executive Officer Roger Hochschild told investors at a virtual conference Tuesday. Borrowers may have been helped by the record government stimulus pumped into the economy in April and May, he said.”

On The Wires

Deals

Colombian Point of Sale Financing Platform ADDI Raises $15 Million Series A Extension

“ADDI, a Bogota-based provider of point of sale (POS) financing solutions for Latin America, today announced the close of an equity financing of $15 million. The round was led by Quona Capital, a venture firm focused on fintech in emerging markets, alongside existing investors Andreessen Horowitz and Monashees, and new investors S7 Ventures, Foundation Capital and DST partner Tom Stafford. The new funding will be used to grow ADDI’s business in Colombia and to expand to new Latin American markets.”

Deals

MUFG Innovation Partners Completes Investment in Point of Sale Financing Platform Leader ChargeAfter and Announces Strategic Partnership to Expand Global POS Usage

“ChargeAfter, the leading Multi-lender Point of Sale Financing platform, and MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and a wholly owned subsidiary of MUFG, the leading global financial group of Japan, announced a strategic investment and partnership to equip global eCommerce and brick-and-mortar retailers with the tools they need to approve more applications for POS financing from multiple lenders in real-time.”

Global

Launch of the QR-bill in Switzerland

“The QR-bill will modernize Swiss payment transactions. From 30 June 2020, invoice recipients will be receiving their first QR-bills instead of the traditional payment slips. You can recognize the QR-bill by the Swiss QR Code, which contains all the information needed for easy, automatic and efficient payment.”

Providers

Verrency Announces Pay Later Installment Lending Solution

Global payment innovation company Verrency today announced the launch of a new product feature “Pay Later” on its payment innovation API platform for banks and card issuing processors. Verrency’s “Pay Later” feature enables bank customers to instantly move any regular purchase transaction to a longer-term installment payments plan. Consumers can select to pay in multiple installments with a single click before, during, or after a purchase is made. Customers can use their bank’s existing debit or credit card to purchase items as they normally would, and can then move purchases to installments, paying off their purchases over a longer period of time.

Standards

US Payments Forum Publishes Best Practices for EMV Chip Fallback Transactions at the Fuel Pump

“The U.S. Payments Forum is continuing to provide the U.S. with essential guidance on the migration to EMV chip with a new white paper on options for supporting fallback transactions in the petroleum environment. The resource released today defines fallback and covers processing magnetic stripe transactions for card programs that are not supported on the contact EMV interface of automatic fuel dispenser (AFD) terminals.”

Tech

New QR-Code Mobile Payment Platform, WeQless Could Help Restaurants Reopen Safely

“A novel, new mobile payment system launching soon could help the hard-hit pubs and restaurants of the UK get back to business safely and conveniently. As restaurants around the country begin reopening their venues, they will struggle to find ways to take orders and payments in a socially distant, contact-free manner. QR-Code payment system, weQless removes the need for customers to stand in queues or loiter at the bar to place an order.”

June 9, 2020

On The Web

Domains

Walmart’s Flipkart rolls out voice assistant to make shopping easier

TechCrunch

Flipkart is rolling out a voice assistant feature to its platform to make it easier for consumers to shop as the Walmart-owned e-commerce giant looks to expand its reach in the nation. The AI-powered voice assistant currently supports the grocery category, called Supermart, but a company spokesperson told TechCrunch that Flipkart will soon be extending it to other verticals. The feature began rolling out to Android users on Tuesday, and the company says it is working on bringing it to its iOS app.”

Providers

Merchants Bracing for Higher Reserve Requirements From Acquirers

Digital Transactions

“The economy is slowly thawing from its Covid-19 freeze-up, but many card-accepting merchants are struggling with more chargebacks stemming from canceled trips, non-delivery of goods, or other reasons. And some of them also are dealing with demands from their merchant acquirers for more cash to fund reserve accounts. Payments and fintech attorney Darvin R. Davitian, counsel at the Washington, D.C., office of Perkins Coie LLP, estimates 15% to 20% of his merchant clients recently have received notices from their processors that they want to at least discuss the possibility of adding to their reserves. He didn’t have figures on how many actually have had increases.”

Providers

Klarna launches rewards program

TechCrunch

“Fintech startup Klarna is launching a rewards program called Vibe this summer. If you use Klarna as your payment method, you’ll start earning points for every $1 you spend. You can then redeem your points for gift cards at Starbucks, Sephora, Foot Locker and Uber. Klarna is best known for its buy now and pay later feature, which lets you pay over four installments with 0% interest. You can think as Klarna as a sort of credit card-alternative payment method as you don’t have to pay for things right away. Many e-commerce websites have added Klarna as a payment option to increase sales. It can increase conversion rates for expensive purchases in particular.”

On The Wires

Deals

Chargeback Raises an Additional $6.6 Million

“Chargeback, the pioneer in real-time dispute management for merchants, announced today it has completed a $6.6 million Series A1 funding enabling the company to accelerate its capacity to help merchants decrease disputes, achieve higher win rates, optimize acceptance rates, and retain more revenue. The round was led by FINTOP Capital and Next Frontier Capital with participation from existing investors including Next Coast Ventures and Kickstart Fund. With this investment, Chargeback can accelerate its mission to alleviate the pain of managing disputes for both U.S. and international merchants.”

Domains

Flywire Improves Healthcare Patient Engagement and Affordability During COVID-19

Flywire , a high-growth vertical payments company, announced new enhancements to its leading healthcare payments platform during COVID-19 that improve patient engagement and affordability. Flywire’s pre-service payment plans, which were developed in partnership with health systems, enable healthcare providers to offer patients personalized payment options prior to service based on their specific financial needs. To enable healthcare providers to address the concerns of patients who may be experiencing financial hardship as a result of COVID-19, Flywire also offers customizable payment solutions that adapt to patients’ capacity to pay.”

Domains

VizyPay Launches First Cash Discount App for Clover POS Systems to Lower Monthly Processing Fees for Small Businesses and Offer Savings for Customer Cash Payments

VizyPay , an award-winning leader in the payment processing industry for small businesses, today announced the launch of its first Cash Discount app for Clover point of sale (POS) systems. Available on the Clover App Market, the app provides merchants with a new way to offer a discount for customers who pay in cash, while also potentially saving up to 100 percent of their monthly processing fees. The new app is an extension of VizyPay’s Cash Discount Program, which provides small business owners with unlimited credit card processing for one flat, low monthly fee, and is free to any Cash Discount Program customer.”

Global

Vivid Money Launches Together With SolarisBank and Visa in Germany

“Vivid Money, the mobile banking platform to spend, save and invest, today announces its launch together with solarisBank, the tech company with a banking license, and Visa in Germany. The Berlin-based company aims to help people to make more of their money by combining the all-in-one mobile-first approach with a full-service package. Using the Vivid Money app, users can open an account for free in just a few minutes and manage their finances simply and intuitively via their smartphone.”

Providers

Affirm Introduces High-Yield Savings Account

“Affirm started by creating a simple, transparent form of credit that allows consumers to split the total cost of a purchase over monthly payments, without ever charging late or hidden fees. Today, 5.3 million consumers trust that we’re a better way to pay. Now, consumers get the same transparency in a savings account, so they can save more, faster.”

June 8, 2020

On The Web

Companies

Apple Preparing Monthly Payment Plans for iPads, Macs, and AirPods

Fortune

“Apple Inc. is preparing to allow customers to buy many of its products, including iPads, Macs and AirPods, over monthly installments via its Apple Card credit card. The Cupertino, California-based technology giant is planning to roll out the service in the coming weeks, according to people familiar with the plan. The offering will let customers buy a product through Apple and split up the cost over several months with interest-free payments.”

Global

Cash Payments Plummet Thanks to Pandemic

ZDNet

“Bullock predicts that ATM consolidation around the country will accelerate, which on one hand is not the issue it was years ago since ATM interchange fees are mostly gone in the country, but on the other hand, cash is still heavily used by older and poorer Australians. An RBA survey last year found that while one-third of respondents did not use cash at all, 10% use it for all payments. With less reliance on cash, the focus turns to the electronic replacements and the fees and resilience of the payment networks.”

Global

Mastercard, Axis Bank Partner to Bring POS Machines to Smartphones

BFSI

“Digital payment major Mastercard has joined hands with private lender Axis Bank and French payment service provider Worldline, in a bid to offer the functionality of Point of Sale devices onto Android smartphones of small merchants in India while also be providing store owners value added digitisation services. The strategic alliance is created for expanding acceptance infrastructure for contactless card payments in the Indian market by bringing down the costs of physical deployments by replacing swipe machines with an application on their NFC enabled smartphones, reported ET.”

Global

Reserve Bank Sets up a Rs.500 Crore Digital Payments Infra Fund

The Economic Times

The Reserve Bank of India on Friday announced that it has setup a Rs.500 crore Payment Infrastructure Development Fund (PIFD) to support and improve the development of digital payments ecosystem in the rural and north east districts of the country. The central bank has made an initial seed contribution of Rs.250 crore to the PIFD with the other half of the fund expected to be contributed by all card issuing banks and network operators, the central bank said.

Providers

Curve begins quietly testing Curve Credit, its planned Klarna competitor

TechCrunch

Curve, the “over-the-top” banking platform that lets you consolidate all of your bank cards into a single Curve card and app, is quietly testing its planned “Klarna rival”. Dubbed “Curve Credit,” the new feature is being tested with a small number of customers ahead of a full launch later this year. It offers credit on purchases made via your Curve card, to be paid back in instalments. The idea is to offer an alternative to other types of consumer credit and in the longer term compete head on with point-of-sale finance companies, such as Klarna.”

Providers

US lenders see hopeful signs in loan repayments

Financial Times

“US banks expect a significant number of borrowers to recommit to normal payment schedules once their forbearance deals expire later this month, senior executives said, adding that many clients had not been as hard hit by the pandemic as they feared. Between 4 per cent and 22 per cent of borrowers across various types of loans signed up for 90-day payment holidays designed to give households and businesses breathing room as the coronavirus pandemic threatened their livelihoods, according to analysis by Autonomous based on public disclosures.”

Reports

Central Bank Digital Currency: Central Banking for All?

Philadelphia Fed

“The introduction of a central bank digital currency (CBDC) allows the central bank to engage in large-scale intermediation by competing with private financial intermediaries for deposits. Yet, since a central bank is not an investment expert, it cannot invest in long-term projects itself, but relies on investment banks to do so. We derive an equivalence result that shows that absent a banking panic, the set of allocations achieved with private financial intermediation will also be achieved with a CBDC.”

Systems

Credit-Card Balance Transfers Are Harder to Come By

Wall Street Journal (paywall)

“Credit-card offers touting 0% interest charges are appearing in fewer consumers’ mailboxes these days. The number of solicitations offering to transfer borrowers’ balances to a card with no interest for a set period fell significantly in recent weeks. These offers are often recommended to consumers looking to save on interest. While there’s usually an initial fee for the transfer, 0% interest means your monthly payments will go toward reducing the principal that you owe, which enables you to chip away at your debt more quickly. But it’s becoming tougher to snag one of these deals as credit-card issuers tighten their lending standards.”

Systems

Digital Currencies Could Replace Low-Interest Bank Accounts, Says UN Expert

CoinDesk

“Digital currencies could supersede bank accounts as low-interest rates make them increasingly obsolete. That’s the view of Massimo Buonomo, the UN’s global blockchain expert, who added that digital currencies, particularly central bank digital currencies (CBDCs), could soon “eliminate the need for a bank account” altogether. Speaking on an online panel discussing the future post-coronavirus global economic order on Thursday, Buonomo said banks and credit cards have long enjoyed a duopoly on digital payments, but the advent of digital currencies means users could sidestep them entirely.”

On The Wires

Domains

Skrill Launches Free International Money Transfer Service In U.S.

Paysafe, a leading specialized payments platform, today announced the U.S. launch of its Skrill Money Transfer service. Existing and new Skrill customers in the United States can now use the solution to transfer money for free to friends and family in Mexico, India and 16 other Asian and European countries, with others available shortly. Against the backdrop of the COVID-19 pandemic, immigrants and expats across the continental U.S. will benefit from Skrill Money Transfer, which ensures as much financial support as possible reaches loved ones in Mexico and India, the top-two migrant countries to the U.S., as well as Pakistan, Bangladesh, Italy, the U.K., Spain, and France, among others. It is free to create a Skrill account and Money Transfer senders are charged neither fees nor any foreign exchange (FX) mark-up to send money from the U.S., the world’s largest market for sending overseas remittances.”

Domains

81 Percent Rise in May Retail eCommerce Sales, ACI Worldwide Research Reveals

“Global eCommerce sales continued to show strong growth in May, with certain sectors experiencing triple-digit year-on-year growth, according to an analysis by ACI Worldwide of hundreds of millions of eCommerce transactions from global merchants. Overall retail transaction growth of 81 percent in May, compared to the same period last year, was primarily driven by sportswear and sporting goods (216%), retail specific to housewares and DIY supplies (190%), and gaming (84%).”

Tech

JCB Enables Cross-Border QR-Code Payments With FIS

“FIS, a global leader in financial services technology, today announced that an international payment scheme, JCB, has selected FIS’ Payments One switching and acquiring services to enable cross-border QR-code payments. As consumers seek greater speed and convenience in their payment transactions, merchants are increasingly adopting QR codes and other digital payment types. The Worldpay from FIS 2020 Global Payments Report found that digital wallets now account for 58 percent of regional eCommerce purchases and are expected to reach almost 70 percent by 2023. Digital wallets also now surpass cash at the point-of-sale, accounting for 36 percent of in-store sales in 2019.”

June 5, 2020

TOP POST

Systems

U.S. Faster Payments Council Publishes Interoperability White Paper

“The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today released a new Faster Payments Interoperability white paper developed by the FPC Network Committee. Interoperability in a faster payment system can help achieve seamless processing – both sending and receiving – of payment instructions across a variety of payment solutions. Available in the FPC’s Faster Payments Knowledge Center, the white paper explores different models that can connect systems together to achieve payments interoperability such as point of origination, network to network, or with an intermediary, and how settlement could work in those models. Settlement is one of the defining characteristics of a payment system because settlement is how the transfer of value from one party to another occurs.”

On The Web

Companies

Amazon in Talks to Buy $2 Billion Stake in Indian Telco Bharti Airtel

Reuters

“Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Bharti and would give India’s third-largest telecoms company a boost as it seeks to compete against the number one player Reliance Jio.”

Providers

Japan’s Biggest Banks Are Talking About Building a Digital Payments System

CoinDesk

“Three of Japan’s largest banks are among major players joining a study group looking at developing a digital payment system that may address concerns about cryptocurrencies. Mitsubishi UFJ Financial Group (MUFG), Mizuho Financial Group, and Sumitomo Mitsui Financial Group – institutions that control more than $6.6 trillion in assets between them – will participate in a study group to determine the feasibility of a national digital payments solution.”

On The Wires

Domains

Grab Expands Grocery, Essentials Delivery Across Southeast Asia

“Grab, Southeast Asia’s leading everyday app, today announced the expansion of GrabMart into eight Southeast Asian countries, with Cambodia being the latest addition. GrabMart scaled from two to eight Southeast Asian countries in three months and is live in 50 cities across Singapore, Indonesia, Malaysia, Vietnam, Thailand, the Philippines, Myanmar and Cambodia today.”

Providers

Klarna Reaches a Record 7.85 Million US Customers, Driven by Apparel, Beauty and Footwear Retail Partners

“Klarna, the leading global payments provider and shopping service, today announced that it has reached a record 7.85 million US customers, driven by apparel, beauty and footwear brands partnering with Klarna to offer their customers flexible buy now, pay later options. H&M, Sephora, Timberland, The North Face, Shein, Fender, Anine Bing, FORWARD, and ModCloth are among the leading retailers that have recently launched partnerships with Klarna to provide their customers with a more convenient and seamless end-to-end shopping experience.”

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