EMEA FinTech Roundup "Wise US listing, Barclaycard April data, eComm com..."

研报英文原文证据摘录

EMEA FinTech Roundup "Wise US listing, Barclaycard April data, eComm com..."

p between

jing.zhang1@ubs.com

perceived and actual optimisation. Individual merchant circumstances (e.g., payment +1-212-882 0091

method mix, degree of bottom line focus, etc.) lead to subtly differing conclusions and/

Ella Zimmermannor overall payments strategies across each merchant. In our view – it is reasonable that

Associate Analyst

merchants do not all say and execute identical payment strategies. However, that means ella.zimmermann@ubs.com

that discerning broader trends can be complicated, and it remains important to view +1-212-713 5000

expert calls as a mosaic, rather than as a sample representative of the entire population.

Holt BashinskyWe believe hosting the series can help bring out the similarities and differences between

processors (see our Panel #1 recap, Panel #2 recap,Panel #3 recap, Panel #4 recap, Panel holt.bashinsky@ubs.com

#5 recap, and Panel #6 recap ). We also discuss competition in eCommerce payments in +1-212-713 2833

Theme 5 of our industry slide deck If the Future of Money is Digital… Then FinTech is the

Future.

Klarna Q1 2026 Earnings Recap (link)

Q1 2026 results came in above the high end of guidance across the board, supported by

strength across the US expansion, Fair Financing ramp, and Klarna Card rollouts (in

combination with ~LDD FX tailwinds). The strength in revenue and TMD was primarily

driven by Fair Financing and Card (transaction alongside subscription fees contribution,

on top of actives exceeding ~5mm in Q1), while GMV came in slightly higher than our

expectations. Specifically, management called out two idiosyncratic drivers,

including: 1) off-loading activity took place towards the later end of the quarter, which