Klarna and OnePay are rolling out post-purchase BNPL as Washington targets card interest.
OnePay and Klarna have added a twist to buy-now-pay-later (BNPL) offerings with the launch of Swipe to Finance.
The feature, announced on January 20, allows eligible OnePay Cash customers to convert recent debit purchases into fixed-term payment plans directly within the OnePay app. In partnership with Klarna, the product builds on the companies’ existing installment-loan collaboration launched in March 2025.
“Not every purchase comes at the right time,” said Thomas Hoare, Chief Commercial Officer at OnePay.
“Customers want and deserve financial flexibility when they need it most, which is why we’re excited to offer new ways for them to pay over time and do it simply, transparently, and all in the OnePay app.”
Swipe to Finance differs from the BNPL options many consumers are familiar with. Traditional BNPL typically splits payments at the point of sale, often requiring approval in the checkout flow and limiting flexibility for unplanned or post-purchase spending.
Via Swipe to Finance, users can retroactively convert eligible debit card purchases into fixed-term installments, all managed within the OnePay app, aiming to provide consumers with control over timing, repayment schedule and budgeting without needing to plan in advance.
The rollout is scheduled for later this year, though the release does not specify which countries will initially be eligible.
Timing is everything
“Sometimes the timing is wrong, not the purchase,” the OnePay release reads, though in this case, timing could hardly be better.
Earlier this month, US President Donald Trump proposed a one-year cap on credit card interest rates at 10%, targeting the “ripping off” of consumers paying 20–30% or more, a figure that averaged nearly 20% APR in 2025.
The banking sector has been quick to respond, with groups including the American Bankers Association warning a hard cap could reduce credit availability, push consumers toward “less regulated, more costly alternatives” and force lenders to tighten approval criteria.
BNPL providers, however, see the proposal as a potential. Klarna CEO Sebastian Siemiatkowski publicly supports the cap, while services such as Klarna and OnePay’s Swipe to Finance position themselves as transparent, lower-cost alternatives to revolving credit for consumers facing stricter borrowing conditions.
“Post-purchase payments are becoming a core part of how people manage money,” said David Sykes, Chief Commercial Officer at Klarna.
“With Swipe to Finance powered by Klarna, we’re giving customers a simple, transparent way to take control of payments after the fact, directly in the OnePay app. It’s another step in expanding smarter payment options and meeting consumers wherever they choose to pay.”
Swipe to Finance could therefore arrive at exactly the right moment, offering consumers flexibility, transparency, and budgeting control, while positioning OnePay and Klarna at the forefront of evolving BNPL trends. Payment Expert has reached out to OnePay for comment on how the potential credit card cap might influence adoption.
OnePay has not immediately responded to Payment Expert’s request for comment at the time of writing this story.
