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Klarna adds financial statement functionality to the app

Klarna has launched a new Financial Statements feature on its app that will give Dutch consumers a complete overview of their spending, a corporate blog said.

This will help them do things like set monthly spending limits.

Klarna conducted a survey which showed that nearly seven in 10 Dutch people are interested in personal finance – but only around half have their finances well organised.

The study also shows that nearly 25% of Dutch consumers don’t have detailed information on what they spent their money on, and 28% don’t have any spending categories at all in the previous month.

The financial overview feature, in the “Finance” tab, gives customers access to tools such as budgeting to allow consumers to set spending limits and categories, allowing them to break things down to see where their money is going and to access expense breakdowns.

Wilko Klaassen, managing director for the Netherlands and Belgium for Klarna, said the economic climate has made it more necessary to manage money “smartly”.

“However, the survey data shows that the Dutch don’t always have the right digital tools to do this properly,” Klaassen said. “We want to change that and help them by adding an intuitive and interactive dashboard, with the financial overview feature in the Klarna app. This gives people an effortless overview of their spending habits – they can set limits and thus better control their financial future.

PYMNTS wrote that Klarna also recently extended its partnership with Global-e, a cross-border e-commerce provider, to help expand installment payment services in Canada.

See more: Klarna partners with Global-e for Canadian expansion

The team will enable Canadian merchants to use Global-e to access Klarna’s payment options.

“Consumers around the world are demanding smarter ways to pay, and that sentiment extends to Canada as well, where according to our research at least half of shoppers aged 25-56 are looking for flexible payment options at the checkout,” Kristina Elkhazin, head of Canada at Klarna, said in a press release on Wednesday (April 27).

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