4 ms·
Ironically, Klarna, a Swedish-founded company, is pretty big in the BNPL market according to https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarn
by ttam 5y ago
Ironically, Klarna, a Swedish-founded company, is pretty big in the BNPL market
according to https://www.marketwatch.com/story/the-buy-now-pay-later-wave-klarna-affirm-and-rivals-hope-to-take-u-s-by-storm-11622225931 https://www.marketwatch.com/story/the-buy-now-pay-later-wave...
"In Sweden, home to BNPL provider Klarna, installments accounted for 23% of e-commerce transactions last year."
- shell0x 5y agoSorry, I should have said Germany instead of Europe since the European market is pretty diverse. The German word for debt is schuld(Schulden), which has the same meaning as guilt and is associated with something bad.
- hashmush 5y agoUnsurprisingly, the same word in Swedish is skuld, with the same double meaning.
- grumpy-de-sre 5y agoAs an Australian living in Germany I've got to point out that finances in Germany are just as dysfunctional as Australia. Just in completely opposing ways. Both are a burden on sustainable growth and development. For some examples of Germany's issues it's worth looking at the weak state of retail banking (Deutsche Bank / Commerzbank proposed merger), and the financial scandals.
- imtringued 5y agoThe Germans are so spooked by debt they rather hand the debt to weaker countries even though the German economy can sustain much higher debt levels than their neighbors. It's completely backwards.
- danpalmer 5y agoKlarna is huge in the UK too. I'm inclined to believe another commenter who suggested that millennials and younger don't really like credit cards, and this is a different way to get a similar thing – better cash flow.