Payments? Let’s worry about that later! Fourteen days free payment deferral, or Klarna account! The payment of teeth whitening, curtains, books, and electronics can be divided into anything from one to three years. But even if Klarna’s payment solutions are so simple that you hardly notice the transaction happening, it’s not free.
Traditional providers of unsecured credit are heavily regulated and have to report to the debt register. Therefore, it is a challenge that non-banks like Klarna can offer similarly aggressive interest-bearing products without regulation by rebranding them as Buy Now Pay Later. The authors in this article argue for regulating deferred payments and similar. Link