Klarna reporting transactions is a big blow to banks as it competes with credit cards, says GlobalData
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Following the news that Klarna will now begin reporting transactions;
Jaimini Pattani, Banking Analyst at GlobalData, a leading data and analytics company, offers her view:
“For a long time now, the most significant benefit of using credit cards over Klarna, or other Buy Now, Pay Later options, was the fact that credit cards allowed a user to build up a credit score. Now customers can build their credit using Klarna, they would no longer...
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