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Fintech giant Klarna is set to begin sharing buy-now pay-later (BNPL) information with credit reference agencies as the sector scrambles to get ahead of a regulatory clampdown expected this year.
Swedish-headquartered Klarna, which has around 13m customers in the UK, said that from 1st of June it will begin reporting the use of BNPL products by UK customers to credit reference agencies (CRAs) Experian and TransUnion.
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