Tag: Klarna
Klarna set to introduce late payment charges
Buy Now, Pay Later provider Klarna is set to introduce late payment charges to UK customers in an attempt to curb loan defaults. From the 16th March, the short-term credit provider will begin charging fees of up to £5 to customers that miss payments. Fees will be capped at 25% of the order value with no more…
Experts Predict 8 Biggest FinTech Trends For 2023
From tribe-based banking to embedded finance and everyday cryptocurrency payments, here’s what to expect in the FinTech industry in the year ahead.. The financial technology sector is rapidly evolving with traditional methods of banking now being replaced with digital solutions, in a bid to make things faster, easier and, hopefully, more streamlined for both businesses…
Tech Digest daily roundup: New York Times buys Wordle
The New York Times has purchased the popular word game Wordle for an undisclosed seven-figure sum. The free and simple game was created by software engineer Josh Wardle. It was released last October and now boasts millions of players. Mr Wardle said the game's success had been "a little overwhelming", and that he was "incredibly…
Which? warns of Buy Now Pay Later debt risk
Which? is calling for stronger safeguards to stop online shoppers from choosing Buy Now Pay Later products without knowing the risks, as its new research reveals many people do not think they are taking on debt when using this payment method. Buy Now Pay Later (BNPL) has soared in popularity in recent years as a…
Tech Digest daily round up: TikTok ‘closely controlled by Chinese parent company’
Former TikTok employees say the hugely popular video app is closely controlled by its Chinese parent company ByteDance, raising privacy concerns that the government in Beijing could leverage the app to collect personal information about Americans as part of its sprawling digital surveillance apparatus. Former employees told CNBC in a new report that key decisions and meetings usually ran through China, and…
Online retailers flouting law with returns policies, warns Which?
Which? has exposed scores of online retailers which have returns policies in breach of consumer law offering Buy Now, Pay Later and other forms of payment, potentially putting shoppers at risk of losing their money if they want to send back unwanted or faulty goods. The consumer watchdog found more than 170 online retailers, listed…
