Klarna CEO: Using Buy Now, Pay Later for Burritos is 'Unwise'

Klarna CEO Sebastian Siemiatkowski recently sat down with CNN's Audie Cornish to discuss the company's popular "buy now, pay later" system. While acknowledging its appeal to US consumers, Siemiatkowski expressed concern over its use for small, everyday purchases. "Using Klarna to DoorDash a burrito is unwise," he stated. This contrasts with Klarna's function in Europe, where it's more akin to PayPal, offering debit-based and credit-based payment options. The interview raises questions about the potential for financial strain among consumers using multiple "buy now, pay later" services and the overall impact on the economy. Siemiatkowski's comments highlight the complexities of this increasingly popular payment model and its varying impact across different markets.