Buy now, pay later services like Klarna are becoming increasingly popular among consumers. According to a survey, 39% of consumers have used these short-term, point-of-sale installment loans at some point. Founded in Sweden in 2005, Klarna now serves an estimated 90 million customers, with two million transactions processed per day. The company offers a mobile app and payment options with participating retailers for online purchases.
However, it’s important to note that Klarna is not designed for paying bills. While some buy now, pay later financing platforms may allow for bill payment, Klarna is strictly for shopping purposes. So if you’re looking to pay your phone bill using Klarna, unfortunately, it is not an option.