DoorDash, Klarna Launch BNPL Amid Debt Concerns
DoorDash, Klarna Launch BNPL Amid Debt Concerns

DoorDash, Klarna Launch BNPL Amid Debt Concerns

News summary

DoorDash has announced a new partnership with Klarna to offer customers flexible payment options, including 'buy now, pay later' plans. These options allow customers to pay in full, in four interest-free installments, or defer payments until a more convenient time, aligning with their pay schedules. The initiative is aimed at providing financial flexibility, especially as economic uncertainties loom. Financial expert Dave Ramsey criticized the move, expressing concerns about potential debt accumulation among consumers. This partnership comes as Klarna prepares for an IPO and expands into everyday spending categories. Similar payment options are already offered by DoorDash's competitor, Grubhub, indicating a trend towards increased financial flexibility in the delivery service industry.

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