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In todays top payments news around the world, Klarna revealed London to be the location of its U.K. headquarters, while eBay is launching a tool that will offer loans to small companies selling on its platform in the U.K. Plus, the pandemic wasnt enough to completely dampen global remittance flows.Klarna Opens New UK HeadquartersKlarna is keeping its British expansi
stanley thermos on going with a new headquarters in London and an expanded Manchester office. For its part, the new U.K. headquarters is 11,000 square feet of space on the top floor of a building in Londons Holborn district. The buy now, pay later BNPL company intends to double its U.K. staff 鈥?currently at 200 鈥?within the year. More than 14 million shoppers and 13,000 merchants in the U.K. harness Klarna.eBay Makes Move Into Financial Services With UK Small Business LoanseBay is rolling out a new financial services tool called Capital for eBay Business Sellers CEBS , which will provide loans to small firms selling on its platform in the U.K. We think this is a field ripe for innovation and theres a lot of unmet demand for better service for online businesses, eBay U.K. General Manager聽Murray Lambell聽said in a published report. We think eBay is well-positioned to deal with this. $5
stanley us 40 Billion Remittance Figure Higher Than W
stanley cup orld Bank ExpectationsThe coronavirus wasnt enough to fully dampen international remittance flows. An overall $540 billion in remittances was transmitted to low- and middle-income countries last year, whic Prpv Kroger Aims To Drive Innovation With Grocery Experience, Partnerships
Walmart could soon provide its customers with a new payment option, thanks to a potential deal between the retailer and finance company Affirm, Inc.聽Sources familiar with the situation told The Wall Street Journal聽that executives from Affirm are speaking with the Walmart team about the possibility of offering installment loans to customers for select brick-and-morta
stanley kubek r and Walmart purchases.The deal, which could roll out in test markets as early as this autumn, would allow Affirm to provide installment loans for more expensive Walmart products, p
stanley cup articularly those with price tags above $200, the sources told聽WSJ. If put into place, the installment loans would provide Walmart customers with a new way to make payments over time, in addition to the existing option of Walmart-branded credit cards.Walmart credit cards have been exclusively issued by Synchrony Financial聽since 2000.While Walmart credit cards typically offer variable annual percentage rates APRs between 17.9 and 23.9 percent, Affirm offers installment loans with fixed APRs in the range of 10 to 30 percent, which can vary based on the applicant credit score. In addition, Affirm hasn ;t been known to re
gourde stanley quire late fees, while the Walmart cards from Synchrony charge fees as high as $38 for late payments.Because Affirm is more likely to extend credit to customers with limited credit histories, a deal with the company could allow Walmart to gain business from consumers who aren ;t able to qualify for Synch
