Klarna strengthens credit checks in the UK as regulators crack down on ‘buy now, pay later’

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Klarna strengthens credit checks in the UK as regulators crack down on ‘buy now, pay later’
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Klarna said it is introducing a number of changes in the U.K. including stronger credit checks and the ability to make instant payments.

The company is one of the largest buy now, pay later operators, which let shoppers split their purchases into monthly installments.

LONDON — Swedish fintech firm Klarna on Monday said it is introducing a number of changes to its product in the U.K., as regulators in the country prepare to tighten regulation on the fast-growing "buy now, pay later" industry.

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