DoorDash announced a partnership with Klarna, introducing flexible payment options including a 'Buy Now, Pay Later' plan and payment installments for take-out meals. Klarna's BNPL model allows consumers to defer payments, prompting criticism amid rising living costs. The collaboration occurs as Klarna prepares for an IPO and strengthens its fintech services by also teaming with Walmart. The implications of such payment methods amidst soaring food prices raise concerns about consumer debt and changing spending habits.
In an era when groceries are increasingly expensive, the prospect of paying off a McDonald's hamburger in four installments is dystopian to say the least.
Klarna uses BNPL loans as a kind of consumer credit, similar to a standard credit card, attracting consumers who prefer to pay in chunks.
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