Flexibility, Even After You've Paid: OnePay Introduces Swipe to Finance, Powered by Klarna
Rhea-AI Summary
OnePay (KLAR) and Klarna announced Swipe to Finance, a post-purchase financing option that will launch in the coming months and allow eligible OnePay Cash customers to convert recent debit-card purchases into fixed-term payment plans directly inside the OnePay app. The feature is powered by Klarna and follows a March 2025 installment-loan partnership between the two companies. OnePay and Klarna said the offering targets eligible debit transactions and aims to expand OnePay's flexible payment options with additional products planned later this year.
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Market Reality Check
Peers on Argus
KLAR gained 1.08% while key peers like OKTA, RBRK, TWLO, KSPI, and GEN showed same-day declines between about -0.34% and -3.03%, pointing to a stock-specific move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 14 | P2P payments launch | Positive | +0.4% | Launch of instant peer-to-peer payments in 13 European countries. |
| Jan 08 | Consumer survey data | Neutral | -1.6% | Survey on Americans’ credit card burdens and BNPL budgeting clarity. |
| Dec 23 | Holiday spending trends | Positive | -2.1% | Triple-digit growth in non-retail holiday spending categories using Klarna. |
| Dec 19 | Funding partnership | Positive | +1.0% | USDC stablecoin funding added via partnership with Coinbase. |
| Dec 15 | AI product protocol | Positive | -2.7% | Launch of Agentic Product Protocol making 100M+ products AI-discoverable. |
Recent Klarna news has mainly been product, data, or partnership updates. Market reactions have been mixed, with some positive catalysts sold into and others seeing modest gains.
Over the last month, Klarna announced several initiatives: a peer-to-peer payments launch across 13 European countries with deposits rising from $9.5bn to $14bn, survey findings on US credit card debt and BNPL behavior, strong triple‑digit holiday spending growth across categories like entertainment (+130%) and automotive (+100%), a USDC funding partnership with Coinbase, and an AI-focused Agentic Product Protocol covering 100M+ products and 400M prices in 12 markets. Despite generally constructive business updates, price reactions have alternated between small gains and notable pullbacks.
Market Pulse Summary
This announcement adds a Klarna-powered post-purchase financing option inside the OnePay app, extending the reach of OnePay Later to eligible debit transactions after checkout. It continues Klarna’s recent trend of product and partnership rollouts across payments, funding, and AI discovery. Investors may track adoption of Swipe to Finance, its impact on Klarna’s user engagement, and how it complements earlier initiatives like P2P payments and USDC funding, alongside upcoming product launches planned for later this year.
Key Terms
post-purchase payments financial
AI-generated analysis. Not financial advice.
Swipe to Finance will launch in the coming months, enabling customers to pay over time even after checkout, directly in the OnePay app
Today, OnePay, the consumer fintech trusted by millions of Americans to make money better, and Klarna, the global digital bank and flexible payments provider, announced Swipe to Finance, a new OnePay Later option that gives OnePay Cash customers the ability to pay over time after checkout.
The feature, which will be powered by Klarna and launch in the coming months, will allow eligible OnePay Cash customers to convert recent purchases into fixed-term payment plans directly within the OnePay app. The offering will be available for eligible debit transactions.
"Not every purchase comes at the right time," said Thomas Hoare, Chief Commercial Officer at OnePay. "Customers want and deserve financial flexibility when they need it most, which is why we're excited to offer new ways for them to pay over time and do it simply, transparently, and all in the OnePay app."
"Post-purchase payments are becoming a core part of how people manage money," said David Sykes, Chief Commercial Officer at Klarna. "With Swipe to Finance powered by Klarna, we're giving customers a simple, transparent way to take control of payments after the fact, directly in the OnePay app. It's another step in expanding smarter payment options and meeting consumers wherever they choose to pay."
Swipe to Finance represents the next phase of a broader roadmap OnePay and Klarna are building together to bring simple, transparent payment options for consumers, following the installment-loan partnership announced in March 2025. Additional products and features are planned for later this year that expand OnePay's types of flexible payment options and can reach new customers.
About OnePay
OnePay is an all-in-one financial services platform built on the simple belief that better money makes life better. With banking, high-yield savings, credit cards, point-of-sale lending, investment and crypto offerings, OnePay is providing millions of consumers with the tools they need to holistically manage their financial lives in one place. Alongside its expanding consumer offering, OnePay also partners with employers, HCM providers, gig platforms, and others to deliver embedded financial services to millions of employees and frontline workers.
OnePay is a financial technology company, not a bank. Loans through OneProgress Services LLC (NMLS ID 2460509) and banking services through OnePay are provided by Coastal Community Bank or Lead Bank, Members FDIC. OnePay debit and credit cards are issued by partner banks pursuant to licensing by MastercardⓇ International. To learn more about OnePay, please visit www.onepay.com.
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 114 million global active Klarna users and 3.4 million transactions per day, Klarna's AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than 850,000 retailers trust Klarna's innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy's, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
Media contact:
press@onepay.com
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SOURCE OnePay
FAQ
What is OnePay's Swipe to Finance (KLAR) and how does it work?
When will Swipe to Finance by OnePay and Klarna (KLAR) be available?
Which transactions are eligible for OnePay's Swipe to Finance (KLAR)?
Who powers the financing for OnePay's Swipe to Finance (KLAR)?
Does Swipe to Finance replace OnePay's existing installment-loan partnership with Klarna (KLAR)?
Will OnePay add more flexible payment options after Swipe to Finance (KLAR)?
