NEWS
NEWS
Klarna to launch on Google Pay
Klarna , the AI powered global payments network and shopping assistant , will soon be available on Google Pay . Starting next year , Google Pay users in the US can choose Klarna ’ s interestfree payment options at checkout .
Sebastian Siemiatkowski , CEO of Klarna , said : “ We ’ re thrilled to bring our fair , flexible and interest-free payment options directly to Google Pay users . This announcement moves us closer to our vision of having Klarna available at every checkout , everywhere , for everything , all the time . Together with Google , we ’ re making it easier than ever for millions of shoppers to choose Klarna , empowering consumers to shop confidently with a smarter , more transparent way to pay right at their fingertips .”
Drew Olson , Senior Director of Google Pay , said : “ People shop on Google more than a billion times per day , and consumers are increasingly looking for more choice and flexibility when it comes to their payment options . By teaming up with pay overtime providers like Klarna , we are able to give Google Pay users more payment options when checking out , while providing merchants with another tool to drive growth .”
Users will be able to manage their purchases seamlessly in the Klarna app – tracking deliveries , handling returns and managing repayments – all in one place . This integration will make flexible payment options even more accessible for Google Pay users , who can soon shop and pay with Klarna directly from their devices .
With 85 million active consumers , and over 600,000 merchants , Klarna is a continuously expanding commerce network and the most popular global BNPL provider . Recent expanded partnerships with payment service providers and digital wallet providers are connecting Klarna to more consumers . Klarna ’ s growing commerce network aims to provide smart shoppers everywhere with a fairer , flexible alternative to traditional credit , making Klarna ’ s payment solutions available wherever consumers shop .
Klarna on Google Pay will offer Google Pay ’ s consumers in the US the flexibility of interest-free installments on purchases starting at US $ 35 , along with financing options with competitive APRs .
Two-thirds of businesses believe ‘ legacy banks ’ are too slow to adapt to modern business needs
Revolut Business , the global FinTech trusted by hundreds of thousands of businesses , has published a study , conducted in partnership with Dynata , showing that international businesses are turning away from ‘ legacy banks ’ to manage their financial needs , echoing the sweeping changes seen in consumer banking . The findings come as the company launches Revolut Business 5 , the fifth generation of its financial management platform for businesses .
The recent survey of 2,850 * business decision-makers across Europe found that two-thirds ( 63 %) of businesses believe ‘ legacy banks ’ are too slow for their financial needs . Nearly four out of five ( 79 %) respondents have reported issues with ‘ legacy banks ’ including high fees , slow transactions and poor mobile experiences , and three out of five ( 64 %) large businesses ** are worried they ’ ll be left behind by competitors without FinTech support . These concerns are driving businesses toward FinTechs like Revolut , where innovation and agility are founding principles .
Revolut is reinforcing its focus to support large enterprise clients with Revolut Business 5 , which provides an enhanced user experience across both mobile and desktop platforms to meet the evolving needs of industry leaders . Revolut Business has been redesigned to save enterprises more time and money .
James Gibson , General Manager at Revolut Business , said : “ When we started Revolut Business in 2017 , we knew that businesses wanted a product that evolved with their needs and provided a customer experience you ’ d expect in this day and age . The demand for customer-orientated business accounts has only increased since then . As we launch Revolut Business 5 , we know we ’ re giving customers the ability to find features faster , spend with precision and manage payments easily . Revolut Business is continuing to grow and look forward to welcoming more customers who are fed up with the existing status quo and want a solution that moves with the technology of the day .” www . intelligentfin . tech
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