Fintech Nexus Newsletter (April 24, 2024): Klarna is now a payment option for Uber users
Today, Klarna announced an interesting new global partnership with Uber.
Klarna is now a payment option for Uber users in the U.S., Germany and Sweden. Interestingly, Klarna is not offering its typical Pay-in-4 payment method. Instead, this is for the Pay Now option that allows users to pay in full with their Klarna account in one click.
In Germany and Sweden, there will also be the option to bundle purchases into a single, interest-free payment taken out of a monthly salary.
This is a big win for Klarna as Uber has huge volume that could move the needle for company. In 2023, nearly 9.5 billion trips were taken on Uber. This can only help the growth narrative as Klarna gears up for an IPO.
I just checked my Uber app this morning, and sure enough, Klarna is now in there as a payment option. The pioneer in embedded payments is now in bed with the pioneer in BNPL.
Featured
> Klarna scores major payment deal with Uber ahead of hotly anticipated IPO
By Ryan Browne
The global deal will see Klarna added as a payment option on the Uber and Uber Eats apps in the U.S., Germany, and Sweden.
From Fintech Nexus
> Consumers dissatisfied with loan repayment process, demand more options: PayNearMe study
By Tony Zerucha
Results of a new survey from PayNearMe show demand for digital payment types and general dissatisfaction with the loan-paying process.
> How data can improve the payments process
By Alexander Groot
For businesses to improve customer experience it is important that data is not lost between entities in the payments chain.
Podcast
Liza Landsman, CEO of Stash on creating financial opportunity
The CEO of Stash discusses how everyday Americans can create a better financial life through unique tools that make investing…
Webinar
How to Maximize Conversions, Minimize Fraud at Account Opening
May 2, 2pm EDT
Both banks and fintech want onboarding new customers to be secure, simple and fast. But there is a delicate balance. Make…
Also Making News
To sponsor our newsletters and reach 180,000 fintech enthusiasts with your message, contact us here.
