We’ve previously written about how browser plugins are an untapped market for Fintechs
. It could be used for secure online payments and access your online bank as quickly as their mobile app. Klarna has seen this potential and launched a browser extension for Chrome
, enabling pay-in-4 for any online purchase on any site. This is a smart way to become merchant agnostic. This is a broader application of a “one-time” card concept that many actors provide. Last week Klarna also announced that users will be able to pay instantly
as long as Klarna is accepted by the merchant. This could lead to its app (and browser extension) becoming more akin to a digital wallet and taking on the likes of PayPal.
While we’re onto the topic of browser extensions, you might have heard the term web3 mentioned if you visit the same corners of the internet as us. But what is web3?
Web 3 isn’t that complicated—it’s simply attaching a wallet (therefore, a verified identity and a funding source) natively to any application or piece of software. Source
Web3 primarily refers to crypto-wallets that you can connect to websites, but there is no reason that this idea isn’t taken further by banks, Vipps or BankId. Imagine logging into your BankID browser extension, verifying that you are you, and all surfing from there on, you are automatically logged in to solutions requiring BankId authentication. You could even get notified if sites you visits are unverified or reported as scamming sites.