Klarna has announced a partnership with Adobe Commerce to integrate its buy now, pay later (BNPL) services for merchants using the platform. This collaboration aims to provide greater flexibility and a smoother payment experience for consumers, while also enhancing operational capabilities for sellers. Klarna has been actively expanding its services to attract more customers, especially in an economic climate where flexible payment options are increasingly crucial. Earlier this year, Klarna introduced a subscription service to offer rewards and promotional benefits without service fees. The integration with Adobe Commerce further extends Klarna’s reach, enabling more merchants to offer installment payment options. Despite the growth in BNPL adoption, with Stripe reporting a near tripling of BNPL volume, concerns about its impact on consumer spending and financial stability persist. Research indicates that many consumers use BNPL to manage tight budgets, but some end up overspending. The Federal Reserve Bank of New York found that "financially fragile" consumers are increasingly reliant on BNPL as a standard payment method.
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