Klarna, the Swedish fintech giant, is doubling down on its bet to disrupt traditional credit cards, announcing the European rollout of its debit-first card just weeks after revealing 685,000 US sign-ups since its July launch.
The card, powered by Visa Flexible Credential, lets users pay upfront with their own funds or opt for flexible financing, including Pay in 3, Pay Later, or longer-term installments, all managed through the Klarna app.
Unlike traditional credit cards, the Klarna Card defaults to debit, meaning users spend their own money first. But for larger purchases, they can instantly switch to installment plans, a feature the company claims 10% of its global payment volume already uses.
The card is now available in 10 EU markets, including France, Germany, Italy, and Spain, with plans to expand to Denmark, Norway, and Poland in the coming months. It’s accepted at 150 million Visa merchants worldwide.
