here's my take on possible explanations on why Klarna (ie comm bank) is pushing for pre purchase mandatory credit checks for transactional bnpl providers
possible explanation #1, comm bank are not really interested in bnpl...they are not 'conviction bnpl providers' like zip, or apt....so maybe they're using their 50% stake in klarna as leverage, to promote a bnpl regulatory regime which will make it near impossible for the likes of apt to thrive in the near to long term.
so comm bank promoting a restrictive regulatory bnpl regime will actually hurt apt, zip more than it will comm bank..because at least comm bank can offer its credit cards to these bnpl customers when apt, zip's presence diminishes as a result.
hard not to be cynical when it comes to a bank (ie klarna is a bank!)
