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Wireless

Klarna expands into UK and US

Tuesday 30 December 2014 | 11:52 CET | News
Swedish e-commerce payments provider Klarna is expanding into the UK and US, the Financial Times reported on its website. The Swedish group is investing at least USD 10 million in its push into the US, said the FT. Klarna is already active in Germany, France and Italy. Its system allows shoppers to buy more quickly and receive goods before paying for them, while it takes on the credit risk for retailers. Klarna uses complex algorithms to permit one-click purchases and detect fraud, said the FT.

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Categories: Internet / Mobile & Wireless
Companies: Klarna
Countries: Sweden
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