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Is the Klarna / Flybuys partnership the future for ASX BNPL providers? Brooke Cooper | April 15, 2021 8:15am | More on: Image source: Getty Images Earlier this week, buy now, pay later (BNPL) payment provider Klarna Australia announced it has partnered with Flybuys in what the company is calling a “revolutionary” arrangement. But, what does this mean for ASX-listed BNPL shares? Flybuys, a subsidiary of Wesfarmers Ltd(ASX: WES), has agreed to provide Australian Klarna users 3 Flybuys points for each Klarna ‘vibe’ point they transfer into their Flybuys account. Th...

Flybuys chief executive John Merakovsky and Klarna country head for Australia Fran Ereira. Source: supplied. European BNPL player Klarna is partnering up with Flybuys in Australia, combining a split payments solution with good old-fashioned loyalty points. Set to launch in May, the partnership will allow members of Klarna’s rewards club to sync their accounts and convert their points — called ‘vibes’ — into Flybuys points, once they’ve paid off the full purchase. For each $1 spent through the Klarna rewards club, members can collect one ‘vibe’ — which then equates to three ...