Klarna and Visa Launch Pilot of New Debit Card with Increased Flexibility at Money20/20 Europe

Klarna, the AI-powered payments and commerce network, unveiled the pilot launch of Klarna Card: a new debit product combined with built-in flexible payment options, powered by Visa Flexible Credential. Unlike traditional credit cards that can see consumers incur additional debt and interest charges, the Klarna Card will allow consumers to pay immediately or choose interest-free options to pay over time – online or in-store – at more than 150 million Visa-accepting merchants worldwide.

Klarna is currently trialing the Klarna Card in the U.S. to gather feedback and iterate on the experience before a broader rollout in the U.S. and Europe later this year. This phased approach allows Klarna to refine features, optimize performance, and ensure the product delivers a smarter, more flexible spending tool.

With over 5 million consumers already on the waitlist, the Klarna Card is Klarna’s boldest step yet toward becoming an everyday spending partner in the U.S. The card comes with an FDIC-insured wallet, which allows consumers to store money with Klarna and make real-time transfers, and deposits, and integrates directly with Klarna’s Pay in 4 and Pay Later options—all in one seamless experience.

“We consistently hear from consumers that they want the freedom to choose how and when to pay – whether that’s paying now with debit or spreading the cost over time,” said David Sandstrom, Chief Marketing Officer at Klarna. “They want simplicity, flexibility, and transparency – all in one place. That’s exactly what has made Klarna’s payment methods so popular online, and now we’re bringing that same experience to a physical card. The Klarna Card is the future of everyday banking – creating smart payments, to empower smarter shoppers.”

By combining spending, saving, and borrowing tools in one intuitive platform, Klarna is becoming a modern day global neobank for the digital-first consumer. The Klarna Card is a key step in this evolution – a transparent, tech-driven alternative to the products of traditional banks.

“Millions of people around the world have embraced the choice and control offered by Visa’s Flexible Credential, and we’re delighted to extend this to even more U.S. consumers, as well as bringing it to Europe for the first time,” added Mathieu Altwegg, SVP Product and Solutions for Visa in Europe. “This is a pioneering example of a future where consumers will only need one card in order to have access to their preferred ways to pay, no matter where they are, or what they’re purchasing.”

For more information about the new Klarna Card, visit: https://www.klarna.com/uk/card/