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Klarna reports jump in quarterly transactions value

Klarna reports jump in quarterly transactions value

FILE PHOTO: A smartphone displays a Klarna logo in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration

STOCKHOLM: Swedish "buy now, pay later" company Klarna on Friday reported a jump in transactions using its platform for the January-March quarter, helped mainly by growth in the United States.

Klarna's gross merchandise volume (GMV) - the value of transactions made using its payment platform - nearly doubled to US$18.9 billion for the quarter from US$9.9 billion a year ago.

(Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm, Editing by Helena Soderpalm)

Source: Reuters

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