Klarna, an AI powered payments and commerce network, has announced the pilot launch of the Klarna Card, a new debit product offering flexible payment options.
The card is powered by Visa’s Flexible Credential and issued by WebBank.
Unlike traditional credit cards that can result in debt and interest charges, the Klarna Card will allow users to either pay immediately or pay later, both online and in store, at more than 150 million merchants that accept Visa worldwide.
The card is currently being trialed in the US, where Klarna is collecting user feedback to improve the product ahead of a wider rollout in the US and Europe later this year.
This staged release is intended to refine features, enhance performance, and ensure the card meets consumer expectations as a practical and adaptable payment tool.
More than five million people have already joined the waitlist.
The Klarna Card is designed to function as an everyday spending solution, offering features such as an FDIC insured wallet, real time transfers, deposits, and integration with Klarna’s Pay in 4 and Pay Later services.
David Sandstrom, Chief Marketing Officer at Klarna, said,
“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. They want simplicity, flexibility and transparency, all in one place.”
The Klarna Card is part of Klarna’s broader push to become a global neobank, bringing together spending, saving, and borrowing tools in a single digital first platform.
Klarna positions the card as a technology driven alternative to traditional banking products.
Mathieu Altwegg, Senior Vice President of Product and Solutions at Visa Europe, added,
“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 US consumers, as well as bringing it to Europe for the first time. 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.”
Featured image credit: Klarna
