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Swedish BNPL provider Klarna fined SKr 7.5m over GDPR failings

An advertisement for the Klarna Buy Now Pay Later.
Photo: Getty Images

The company failed to provide information on user data storage, protection and transfers outside the EU.

The Swedish payments group Klarna has been fined SKr 7.5m ($733,324) for violating the EU’s GDPR by failing to provide adequate information to its users.

A Swedish court ruled this week that Klarna had failed to provide customers with information about how it stored users’ personal data, and that the information