💨 Abstract

Klarna, a Swedish payments firm, announced a partnership with OnePay to offer installment loans for purchases at Walmart, aiming to give consumers more flexible payment options. Installment loans are popular for big-ticket purchases, have fixed payments, and often feature little to no interest, making them a cheaper alternative to traditional credit cards. The partnership follows Walmart's partnership with Affirm, which saw its shares drop 12% in premarket trading.

Courtesy: theprint.in

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