Swedish payments company Klarna has unveiled its plans to establish operations in Columbus, Ohio with the investment of at least $100m to fuel its business expansion in the US.

Klarna, which takes the risk of e-commerce and online payment transactions via its most recent payment method, Klarna Checkout, enables the consumer to buy online without a credit card or any payment information and collects the amount due from the consumer within 14 days.

Brian Billingsley, CEO of Klarna North America, said: "We want to set a new standard for how people shop with their mobile devices. Columbus is at the heart of US e-commerce activity and is the perfect launch pad for our expansion.

"We have worked together with retailers for nearly ten years to solve mobile payments in Europe, and we are excited to soon offer the same solution for consumers in the US."

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