Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

With respect to the Minister of State, we know all of that. The problem is that if Klarna does not advertise its services, it does not fall under the scope of the Central Bank regulation, under which the Government and all of us want to bring it. It is conditional on advertising and inviting the person to take up the credit. I am going to leave it at this point. A note would be helpful to ensure that there is tight language. Maybe it is already done. However, from what I see in terms of the way it is written, there probably could be an area where companies such as Klarna could say that they do not advertise, because it is actually the retail website that advertises. In Britain, it is the retail website that advertises the credit. For example, if a customer goes onto the Topshop website, they will be asked if they want to pay by Klarna. It is the Topshop website that advertises it. The customer clicks the button and it takes them to Klarna and a back office that is not advertised. That is the problem. If it is conditional on advertising and inviting the person in, I think it would be worth going back to officials in the Central Bank or whatever to make sure that it should not be contingent on whether it is Klarna or the shop that advertises - it should be captured. That is the intention of the legislation.