Klarna has been fined $50 million in Sweden over faults in its anti-money laundering protections. Sweden’s Financial Supervisory Authority, or FI, announced Wednesday (Dec. 11) that an investigation into the Swedish payments firm’s compliance with anti-money laundering (AML) regulations between April 2021 and the end...
Sweden’s Financial Supervisory Authority (FSA) reportedly criticized Klarna’s risk assessment, saying the company has not done enough to battle money laundering and terrorist financing. The FSA said in a letter to Klarna CEO Sebastian Siemiatkowski that its preliminary assessment found that the company violated regulations...
Instant payments solution provider Zimpler launched a collaboration with Swedish payments app Swish. The partnership will give Zimpler’s merchants an optimized payment solution that combines Zimpler’s pay-by-bank payments and Swish’s transaction capabilities, helped by the infrastructure of the companies’ Nordic banking partners, according to a...
Buy now, pay later (BNPL) firm Klarna and payments service provider Nets partnered to bring more payment options to merchant clients in Sweden, Norway and Denmark. Through the collaboration, eCommerce merchants can offer their customers BNPL and installment payments without having to perform multiple technical integrations, according to a Wednesday (May 15)...
March 12, 2024
The recent move by Norway to enact rules ensuring consumers’ ability to pay with cash reflects a growing concern over the potential exclusion of certain segments of the population who are reluctant to use digital payments. The proposed measures will enable customers to pay with cash at any sales location where other types of payment […]
August 01, 2023
The real-time payments landscape is constantly changing. Growth in adoption and transaction volume has been measured across the continents. With the U.S. Federal Reserve’s launch of FedNow, this change seems...
May 05, 2023
Despite advancements in eCommerce technology, businesses that operate in digital commerce, particularly those with multiple storefronts, still lack a complete and unified multi-platform overview of their finances, says Samir El-Sabini,...
March 13, 2023
From tap-to-pay debit and credit cards to mobile smartphone wallets, contactless methods have been driving new waves of innovation in payments post-pandemic, buoyed by growing consumer demand for flexible, convenient and touchless...
March 16, 2025
Two of the planet’s most cashless societies are now reexamining their move from paper money. As The Guardian reported Sunday (March 16), Sweden and Norway have the lowest amount of cash in circulation — in terms of percentage of gross domestic product (GDP) — out of any country in the world. For example, just 10% […]
December 11, 2024
Klarna has been fined $50 million in Sweden over faults in its anti-money laundering protections. Sweden’s Financial Supervisory Authority, or FI, announced Wednesday (Dec. 11) that an investigation into the...
September 09, 2024
Sweden’s Financial Supervisory Authority (FSA) reportedly criticized Klarna’s risk assessment, saying the company has not done enough to battle money laundering and terrorist financing. The FSA said in a letter...
July 03, 2024
Instant payments solution provider Zimpler launched a collaboration with Swedish payments app Swish. The partnership will give Zimpler’s merchants an optimized payment solution that combines Zimpler’s pay-by-bank payments and Swish’s...
