Klarna Adds Financial Statement Feature to App

Klarna has debuted a new financial statement feature on its app which will give Dutch consumers full insight into their spending, a company blog says.

This will help them do things like set monthly limits on spending.

Klarna had a survey going on which showed that almost seven in 10 Dutch people have an interest in personal finance – but only around half have their finances well organized.

The study also shows that almost 25% of Dutch consumers do not have a detailed insight into what they spent their money on, and 28% do not have any spending categorized at all for a month prior.

The financial overview function, in the “Finance” tab, lets customers access tools like budgeting to let consumers set spend limits and categories, letting them separate things to see where their money’s going, and access to spending breakdowns.

Wilko Klaassen, general manager for the Netherlands and Belgium for Klarna, said the economic climate has made it more necessary to manage money “smartly.”

“However, the data from the survey show that the Dutch do not always have the right digital tools to do this properly,” Klaassen said. “We want to change this and help them by adding an intuitive, interactive dashboard, with the financial overview function in the Klarna app. This gives people effortless insight into their spending pattern – they can set limits and thus gain more control over their financial future. ”

PYMNTS wrote that Klarna has also recently extended its partnership with Global-e, a cross-border eCommerce provider, to help expand installment payment services to Canada.

See more: Klarna Teams With Global-e for Canadian Expansion

The team-up will allow Canadian merchants to use Global-e to access Klarna payment options.

“Consumers worldwide are demanding smarter ways to pay, and this sentiment also extends to Canada, where, according to our research, at least half of shoppers between the ages of 25 and 56 look for flexible payment options at checkout,” Kristina Elkhazin, head of Canada at Klarna, said in a press release on Wednesday (April 27).



About: Shoppers who have store cards use them for 87% of all eligible purchases – but this doesn’t mean retailers should boot buy now, pay later (BNPL) options from checkout. The Truth About BNPL And Store Cards, a PYMNTS and PayPal collaboration, surveys 2,161 consumers to find out why providing both BNPL and store cards are key to helping merchants maximize conversion.

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