at worst, they regressed to a condition of infancy
Backed by the Commonwealth Bank to take on local giant Afterpay, the Swedish payments provider has revealed close to 575,000 Australian consumers are actively using the platform across 400 retailers.Head of Klarna Australia, Fran Ereira, said the company would enter its second year with greater momentum, flagging a number of major retailers were in the process of implementing its payment technology.enter 2021 with strong momentum, have signed a variety of great retailers and have a highly engaged and growing consumer network, Ms Ereira said.confident we bring something really different to the Australian market Klarna gives more inspiration and value to shoppers and greater engagement to retailers.The payment method is heavily targeted towards younger people who are turning their backs on interest bearing credit cards.CBA lured Klarna to Australian shores in order to compete with the local players through a $300 million investment, which equates roughly to a 5.5 per cent stake in the S