There is Massive Momentum for 'Buy-Now, Pay Later': Klarna CEO

The transcript discusses the ongoing transformation in retail banking, comparing it to past changes in e-commerce. It highlights the roles of tech companies, fintech, and traditional banks in this shift. The speaker notes the momentum in the US market, particularly in the 'buy now, pay later' sector, and discusses Klarna's features and market strategy. The competitive landscape is analyzed, with mentions of major players like Apple and PayPal. Klarna's aspirations to become a major financial institution are emphasized, supported by partnerships and a vision for future growth.

What are the three main types of players emerging in the transformation of retail banking?

• Fintech, e-commerce, and retail

• Traditional banks, e-commerce, and fintech

• Tech companies, fintech, and traditional banks

• E-commerce, retail, and tech companies

What is the current trend in the US that is gaining massive momentum according to the transcript?

• Buy now, pay later services

• Cryptocurrency adoption

• E-commerce growth

• Traditional banking services

How does Klarna view the 'buy now, pay later' feature?

• As a replacement for credit cards

• As a standalone product

• As a feature of a larger fintech company

• As a declining trend

Which company is mentioned as a neighbor to Klarna, illustrating success despite competition?

• Google

• Apple

• Spotify

• Amazon

What is Klarna's aspiration for the future according to the transcript?

• To exit the retail banking sector

• To become a major financial institution itself

• To be acquired by a larger financial institution

• To focus solely on European markets