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“This is a game changer,” said Klarna’s chief executive officer Sebastian Siemiatkowski. The deal gives Klarna access to the big box retailer’s millions of customers and a new avenue of expansion in the US, already one of its fastest-growing markets.
Affirm said in a statement that its integrated program with Walmart represented about 5% of its gross merchandise volume and approximately 2% of its adjusted operating income in the six months through December, and its products are also available via direct-to-consumer offerings such as the Affirm Card.
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