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Klarna set to percentage buyer buy-now pay-later information with credit score companies as law looms

Fintech massive Klarna is ready to start out sharing buy-now pay-later (BNPL) knowledge with credit score reference companies as the field scrambles to get forward of a regulatory clampdown anticipated this 12 months.

Swedish-headquartered Klarna, which has round 13m consumers in the United Kingdom, stated that from 1st of June it is going to start reporting the usage of BNPL merchandise through UK consumers to credit score reference companies (CRAs) Experian and TransUnion.

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