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-0.00042947975908865 -0.00042947975908865 -0.00179509118056603 0.0065931853641351 0.000838827654470184 0.0102840270438037 0.0102840270438037 0.0102840270438037
Stock impact report

Klarna launches P2P payments [Yahoo! Finance]

Klarna Group plc Ordinary Shares (KLAR) 
Company Research Source: Yahoo! Finance
Buy now, pay later company Klarna Group has introduced a peer-to-peer payment service in Europe similar to Zelle, the firm said Wednesday, although it's not clear if the service will become available in the United States. In a news release Wednesday Klarna said it launched the service in 13 European countries, marking yet another move to compete with banks. Zelle is operated by Early Warning Services, which is owned by seven large banks. The feature allows Klarna customers “to send money to friends and family, whether splitting bills or gifting cash, directly from the Klarna app," the company said in its release. Consumers who use the app — which includes an account in which users can deposit and withdraw money — can send payments using a phone number, email address or QR code to other Klarna app users through the peer-to-peer payment system, the release said. In many ways the London-based buy now, pay later player is already encroaching on territory traditionally governed by Show less Read more
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