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Klarna wins Walmart fintech partnership over rival

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Swedish fintech firm Klarna has won a contract to become the exclusive provider of buy now, pay later loans for Walmart.

Its rival, Affirm, previously was the exclusive provider of the service to Walmart.

Klarna's loans via the Walmart partnership will reportedly range from three months to 36 months in length, with interest rates ranging 10% to 36%.

Read more from CNBC.

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