Buy Now, Pay Later (BNPL) is transforming debit cards into essential financial tools, driving higher spending and user engagement. Financial institutions adopting BNPL strategies are enhancing customer loyalty, increasing transaction volumes, and maintaining competitiveness in the evolving payments landscape.
Klarna has partnered with Visa to integrate debit cards with buy now, pay later (BNPL) options, following Affirm's lead in the U.S. fintech space. Both companies aim to revolutionize payment methods by offering a flexible, all-in-one solution that could reshape consumer banking relationships and challenge traditional banks.