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4min chapter
Interview: Klarna's Chief Commercial Officer David Sykes
Fintech Business Podcast
The Benefits of Revolving Credit
Jason Siamatak: revolving credit is great for people who are able to pay their balance. He says it's an interest-free loan for 20, 30 days depending on where in the cycle you are. The lowest income consumers tend to max out that limit and then default when they don't have enough money left at the end of the month. "I think what is a good outcome of how Australia approached it was having the customer at the forefront of their decision making," he says.
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