Financial services provider for shoppers and merchants, Affirm Holdings Inc AFRM competitor Klarna announced a partnership with OnePay to offer installment loans at Walmart Inc WMT.
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On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart.The partnership with Walmart is one that rival Affirm had previously owned.
CNBC's Hugh Son reports on news regarding Klarna.
Not only did Klarna file for IPO today, but the company also inked a deal with Walmart (WMT) to become the retail giant's buy now, pay later provider. Caroline Woods notes Klarna's gain is Affirm's (AFRM) loss, as the company sold off after the announcement.
Buy now, pay later provider Klarna has agreed to become Walmart's exclusive provider of installment loans. The collaboration, announced Monday (March 17), gives Walmart's customers in the U.S. access to flexible payment options in an arrangement set to be integrated into the retailer's checkout this year.
Bill Simon, former Walmart U.S. president and CEO, joins 'Squawk Box' to discuss the February retail sales data, state of retail and the consumer, impact of President Trump's tariff policy, and more.
Swedish payments firm Klarna said on Monday it is partnering with consumer finance app OnePay to offer installment loans for purchases at retail giant Walmart in the United States.
Swedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned. Klarna, which disclosed its intention to go public in the U.S., will provide loans to Walmart customers in stores and online through the retailer's majority-owned fintech startup OnePay, according to people with knowledge of the situation.
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