Klarna CEO reveals they power 2 million transactions each day on Yahoo Finance
Klarna’s CEO and founder, Simon Siemiatkowski, has been going on a bit of a media blitz to promote Klarna’s new AI powered shopping assistant. He recently appeared on Yahoo Finance and dropped a bit of an interested tidbit and stat about Klarna.
if you look at Klarna obviously today, with 150 million consumers and doing 2 million transactions a day, we also have a big kind of mix of online and in-store transactions and also seeing both debit and credit.
I didn’t realize Klarna was doing that type of Buy Now Pay Later (BNPL) loan originations everyday all around the world. I mean 2 million transactions is a lot and 150 million customers is quite impressive numbers.
This means that that the company is doing roughly 730 million transactions on the Klarna payment network each year. If you take 2 million transactions and multiply by 365 days a year. This is just a rough napkin math estimate though, as of course daily transactions fluctuate.
This shows how quickly the BNPL has grown and continues to get bigger. Consumers like having alternatives to using credit cards for making purchase for goods and products such as BNPL.
H, both my husband & I used Stocard, purely to store our loyalthy cards into one convenient app & not have to physically have the cards on hand. Carrying all the cards became a nightmare & Stocard provided the perfect app for us. We used it for carrying all our Coffee Cards, our Drivers Licence (for ID purposes), Super Card, Woolworths Rewards Card, AirNZ Card, Library Card, etc. We would never use this app for the purposes of paying anything at all. – never. Plus, both of us shared the coffee club loyalty cards on our own Stocard Apps, meaning either of us could use our own card, kept in the app & it would amalgamate all our points.
Has there recently been some upgrade or something. My husband went to get a coffee yesterday & his scan barcode wouldn’t work?
Even my own site is showing differently but I have realised that I have to just click on wallet.
I having been trying to help my husband get his back up & running & it said he had to login again – why?
It would really be appreciated if we received an email to advise of any change or upgrades. My preference would be to bring back Stocard, it was fantastic.
I would really appreciate hearing from you with an answer why my husbands site wouldn’t accept his barcode, we have both used our own numerous times without any issue, until this happened with him yesterday. He then lost the ability to store 1 more coffee on his card.
Please respond to my email address.
Regards, Faye
My storecard app on my mobile does not work. Since I moved over from my storecard app to Klarna I cannot log in to open my loyalty cards. Please help.