alt Hacker NewsOT: just googled that name, info panel on the right in my language settings categorizes it as "金融の連鎖", or "cascading of finances". am not sure how to take that.
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shawabawa3 • 05/04/2025
Pretty good description tbh
Their business model is an online payment provider (like e.g. PayPal/apple pay) that splits the payment into 3, 6 or 12 monthly payments, usually at 0% interest
The idea being that for the business the loss in revenue from an interest free loan is worth it if it causes an increase in sales
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Klarna is basically loan sharks but if you do it with an app is legal. Also Opera the browser moved to doing that.