After 685,000 U.S. signups since July, Klarna expands its debit-first card across Europe with flexible payment options.
Klarna has launched its debit-first Klarna Card across 10 European countries, following a successful U.S. debut earlier this year that drew 685,000 signups.
Powered by Visa’s Flexible Credential, the card defaults to debit payments while giving consumers access to flexible options through the Klarna app, including Pay in 3, Pay Later, and longer-term financing for larger purchases. It can be used at more than 150 million Visa merchants globally.
Klarna said the card combines upfront payments with flexible options to create more control for consumers over how they manage everyday expenses and bigger purchases. All cardholders also receive a free Klarna Balance account, no foreign exchange fees for international use, and instant digital issuance.
“When I was a teenager working in retail, the checkout terminals gave consumers a simple choice: debit or credit. Over time, that choice was taken away and consumers had less control over when to use debit or credit. Our new Klarna Card brings that choice back, giving consumers control over their money again” said Sebastian Siemiatkowski, Klarna’s co-founder and CEO.
The product builds on Klarna’s growing card-based portfolio, which now accounts for 10% of its global payment volume. Current availability spans Austria, Belgium, Finland, France, Ireland, Italy, the Netherlands, Portugal, Spain, and Sweden, with plans to roll out to Denmark, Germany, Norway, and Poland in the near future.