Amid a backdrop of tighter regulation for BNPL with a revision of the European Credit Directive, online payment and BNPL solution provider Klarna reported a 14% increase in business volume in Europe in Q2 2023 (annual evolution). This compares with a 1% growth in e-commerce transactions over the period. Klarna’s U.K. business was up by 26%.
Klarna has been operating in 11 European countries since 2020, and now boasts over 100 million customers and more than 470,000 retail partners. The...