Original Source Material
Shoppers will be able to convert purchases into installment loans after the transaction, the company said Tuesday.
Klarna to offer after-purchase BNPL
Summary
Klarna will offer buy now, pay later (BNPL) services allowing customers to convert purchases into installment loans after the transaction; this could impact credit unions' risk management and loan portfolio.
Why It Matters for Texas Credit Unions
Texas CUs may need to adjust their lending practices and risk assessment processes in response to new BNPL services.