Klarna Adds ‘Pay Now’ Option in U.K. Amid Regulatory Scrutiny

Klarna is adding an option for British consumers to pay immediately at checkout as the “buy now, pay later” giant looks to ease regulatory concerns about the sector.

The “pay now” feature comes amid increased scrutiny from U.K. regulators, who are concerned about money-laundering and the cost of credit. The U.K.’s Financial Conduct Authority said earlier this year it will start regulating the interest-free BNPL sector as their use soars.

Read more about Klarna

Other changes include “strengthening affordability checks and checkout language, providing more ways for consumers to challenge complaints decisions on the rare occasions this becomes necessary, and ...