×
857
Fashion Jobs
HUGO BOSS
E-Commerce Operations & Logistics Manager
Permanent · London
VF INTERNATIONAL
Senior Credit Controller - Multibrand
Permanent · CALVERTON
EASTPAK
Credit Team Leader - Eastpak
Permanent · CALVERTON
HUGO BOSS
Buyer Emea
Permanent · London
ESTÉE LAUDER
Aveda - Omni National Account & Operations Executive
Permanent · London
ESTÉE LAUDER
Demand Planner - Supply Chain
Permanent · London
ESTÉE LAUDER
Director, International Business Development (Maternity Cover)
Permanent · London
PAUL SMITH
International Sales Executive
Permanent · LONDON
EASTPAK
Sales Manager
Permanent · LONDON
NEW BALANCE
Category Merchandising Manager Emea, Running Footwear
Permanent · Warrington
CONFIDENTIEL
Warehouse Area Manager
Permanent ·
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Liverpool - 26 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Boots-Aintree, Liverpool - 11 Hours - Part Time, Permanent
Permanent · Liverpool
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Newcastle - 12 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part-Time - Permanent
Permanent · Bishop's Stortford
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 37.5 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Clinique - Consultant - Boots, Oracle Reading - 28 Hours - Part Time, Permanent
Permanent · Reading
ESTÉE LAUDER
Clinique - Consultant - Flannels, Sheffield Meadowhall - 22.5 Hours - Part Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots, st Davids Cardiff - 30 Hours - Full Time, Permanent
Permanent · Cardiff
ESTÉE LAUDER
Art Director
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Fenwick, Bracknell - 11.5 Hours - Part Time, Permanent
Permanent · Bracknell
By
Reuters
Published
Feb 26, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Klarna transactions value jumps amid 'buy now, pay later' boom

By
Reuters
Published
Feb 26, 2021

Swedish “buy now, pay later” company Klarna on Thursday reported a jump in transactions using its platform and in net operating income in 2020, helped by its expansion in the United States and other markets.


Image: Reuters



The pandemic has changed how consumers shop and shifted much of the spending online, giving a boost to companies such as Klarna which allow shoppers to pay for their online purchases over several installments.

Klarna’s gross merchandise volume (GMV) - the value of transactions made using its payment platform - rose 46% to $56 billion for the full year.

Its operating income rose to $1.09 billion compared with $753 million a year earlier. Klarna’s net loss, however, widened to 1.38 billion Swedish crowns ($166.93 million) from 902 billion crowns a year earlier.

Klarna, which has partnerships with over 250,000 retailers including Macy’s, Ralph Lauren and Sephora, said credit losses as a percentage of GMV have fallen across all major markets.

Australian peer Afterpay, which reported a more than doubling of its first-half sales, also said that gross transaction losses fell, suggesting fewer customers were missing payments.
Klarna added 1 million new consumers per month in the fourth quarter in the United States, taking its tally to 15 million users in the country. It has 87 million active users globally.

Currently, Germany is the company’s biggest market by volume and revenue, but the United States is catching up fast and may take the top spot by the end of the year.

Klarna has been expanding in other regions too, including entering four new markets during the last year. CEO Sebastian Siemiatkowski has told Reuters that the company planned to add five new markets between now and the summer.

The company, which is also looking to list on public markets either this year or the next, also competes with Affirm and QuadPay.

© Thomson Reuters 2021 All rights reserved.