All Payment service articles
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News briefsKlarna attempts another IPO, aiming for a valuation of up to $14bn
The Swedish payment service provider had put its IPO plans on hold in April due to Trump’s new tariffs, but sources indicate that it will now proceed.
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ArticleKlarna made profit for second time in a row in Q3
Klarna, the AI-powered global payments network and shopping assistant, has announced its nine-month financial results. The company’s net profit in the third quarter was SEK 216 million, up 57 percent year-on-year.
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News briefsKlarna Checkout sold in billion deal and becomes Kustom
The new fintech company, named Kustom, is now establishing itself as the leading digital checkout solution in the Nordic market.
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News briefsPuma in partnership with Payrails
Payrails’ modular technology and payment provider-agnostic approach will integrate with Puma’s existing systems.
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News briefsKlarna increases payment flexibility with new features
The Swedish payment provider introduces new savings opportunities and rewards for loyal customers.
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News briefsShopify’s AI-powered updates boost merchant productivity
E-commerce giant Shopify unveiled over 100 updates in its Winter ’24 Edition, a biannual showcase of the latest products and innovations to significantly boost merchant productivity and creativity. Among the highlights is the introduction of Semantic Search, an AI-powered storefront search feature developed in response to evolving customer search behaviors. ...
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News briefsXXL switches to Walley as payment provider
XXL is changing its payment provider in the Nordic market. The company has been using Klarna for a while, but now it´s switching to Walley, which aims to assist the sports retail chain in developing multiple payment solutions. Walley will support both digital and in-store transactions, catering to individual consumers ...
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AnalysisDigital Payments and e-wallets: An overview about PayPal and co
PayPal appears to be far and away the West’s top provider of e-wallets. How did this come about, who are the competitors and what is the situation in other parts of the world?
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News briefsKlarna to lay off 10% of workforce due to changing business climate
Germany’s Manager Magazin reports that Swedish fintech Klarna will lay off about ten percent of its roughly 7,000 employees. The startup, led by co-founder and CEO Sebastian Siemiatkowski, reportedly said that rising inflation and the war in Ukraine had impacted the business climate, making the move necessary. At its last ...
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News briefsKlarna and Good On You make sustainable products suggestions
Klarna, the Swedish retail banking, payment and shopping service, in collaboration with Good On You, has unveiled its first set of sustainable collections in the Klarna app that can be shopped on an ongoing basis. Good On You is a platform for rating the sustainability of fashion brands. Using more ...
