The Swedish payments company’s Chief Executive Officer Sebastian Siemiatkowski hopes the British government “follows the lead of Singapore” in easing the burden of red tape on the industry. He wants rules that allow customers to “shift banks in the click of a button.” Allowing innovation in finance would help Klarna and other financial technology companies grab business from traditional credit cards. Klarna enables consumers to “buy now and pay later” in interest-free installments for items they buy online from retailers including Asos, Decathlon and Lululemon. Klarna has more than 90 million users and over 14 million customers worldwide and offices in London and Manchester. It’s considering a listing in the U.K. capital in the next year or two. Britain’s departure from the European Union has created an “amazing opportunity” for London to be at the center of banking and fintech for the future, the CEO said in an interview.

https://www.bloombergquint.com/business/klarna-s-blockbuster-london-ipo-hinges-on-post-brexit-regulation