Klarna Introduces New Payment Card in Sweden and Europe

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Klarna Introduces New Payment Card in Sweden and Europe
Photo: Caisa Rasmussen/TT

The Swedish fintech group Klarna is launching a new payment card with both debit and credit functions in Sweden and a long range of other European countries.

The news comes as Klarna – a major player when it comes to payments and credits online – is expected to take decisive steps towards a stock exchange listing in New York this week.

Klarna's payment card, with which the user can choose to pay directly with their own money or make the payment with a 30-day invoice, has already been launched in the USA in July.

"The launch follows a successful pilot in the USA, where 685,000 Americans have already acquired the card since July," writes Klarna in a press release.

Klarna's CEO and founder Sebastian Siemiatkowski says in a comment that the card gives consumers the opportunity to choose between paying directly or with credit with one and the same card – a function that most banks no longer offer today.

The launch of the card follows a week where there have been reports that Klarna's expected stock exchange listing in New York will get underway with a marketing period this week.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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