Core Insights - Zip US has launched a new payment feature called 'Pay in 2', allowing customers to split purchases into two instalments over a two-week period, aimed at providing a shorter repayment schedule for everyday purchases [1][2] - The 'Pay in 2' option complements Zip's existing 'Pay in 4' plan, which allows payments to be spread across six weeks for higher-value items [2] - A pilot program indicated strong demand for the 'Pay in 2' option, with 95% of survey participants expressing willingness to use it again for routine expenses like groceries and bills [3] Product Features - 'Pay in 2' is designed to help customers manage cash flow within a single billing cycle, offering flexibility for smaller, recurring purchases without the commitment of a longer installment plan [2][4] - To promote early adoption, Zip is providing a limited-time incentive where the first 100 customers each day who initiate a 'Pay in 2' purchase will receive a year without origination fees on future orders [4] Customer Feedback - Customers have reported that 'Pay in 2' feels manageable and fits naturally between paychecks, making everyday purchases less stressful [2][3] - Joe Heck, US CEO at Zip, emphasized the company's commitment to understanding customer preferences and providing alternatives to traditional high-interest credit products [3]

Core Insights - Klarna has expanded its flexible payment products to be available at checkout on Apple Pay in France and Italy, enhancing convenience and control for millions of eligible shoppers [1][2][3] Expansion and Adoption - The expansion follows strong consumer adoption in Denmark, Spain, Sweden, the U.S., UK, and Canada, where Klarna's payment options have gained popularity [2] - With this launch, Klarna's services are now accessible in eight major markets, providing consumers with more choices and flexibility in payment methods [2] Payment Options - Eligible customers can split purchases into three monthly installments or pay up to 30 days later, all interest-free. For higher-value purchases, longer payment periods are available with competitive interest rates starting from 0% [3][4] - Klarna applies industry-leading underwriting to ensure responsible lending before approving payments [4] Security and Privacy - Payments made with Klarna through Apple Pay are secure and private, with Apple not retaining any transaction information linked to users [4] User Base and Market Position - Klarna boasts over 114 million active consumers globally and processes approximately 3.4 million transactions daily, aiming to be available at every checkout [5][7] - The company partners with over 850,000 retailers, including major brands like Uber, H&M, and Nike, to drive growth and customer loyalty [7][8]