The UK fashion E-commerce Company Asos has strengthened its partnership with payment giant Klarna, which now offers users to pay for goods in three instalments over 60 days. Shoppers can pay a third of their purchase at checkout, and pay another two payments at either 30 and 60 days automatically scheduled to align with their monthly payment schedules, interest and tax-free.
J&P comments
Many fashion retailers are adopting Klarna’s innovative payment plan, which makes purchasing goods more affordable by spreading the cost over a period of time. However, there is a great concern over the rise of rising credit and financial stress that is associated with ‘buy now, pay later platforms’.
