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Klarna Takes Another Step Toward IPO as it Showcases Profitability and New Walmart BNPL Deal

Retail TouchPoints

In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in net profit. The Sweden-based company, which has operated in the U.S. since 2015 , handled $105 billion in gross merchandise value (GMV) and has 93 million active customers and 675,000 merchants using its services.

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Analysis: As technology marches on, Asia’s retail property huffs and puffs

Inside Retail

Where revenues went, profits followed. Those same 20 companies made a net profit of US$320.6 That’s an astonishing 19 per cent profit gain. Top of the list of tech giants was Amazon, which had a net profit of US$21.3 The mall operator provided a delivery service there for its tenants.

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Swipe fee costs average household more than $1,100

Mass Relators

household more than $1,100 last year, the Merchants Payments Coalition said. By contrast, net profit for general retail averages only 3 percent. But the settlement applies only to the banks’ portion of swipe fees, and Mastercard is already increasing a key network fee, costing merchants an estimated $259.1