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Klarna Card launches in the US to enable flexible payment option

By Delisha Fernandes

April 18, 2024

  • Fintech news
  • FinTech US
  • In-store Payments
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KlarnaKlarna, the AI powered global payments network and shopping assistant, has opened its waitlist for the new Klarna Card to all US consumers.

The Klarna Card, issued by WebBank, offers flexible payment options in both physical stores and online, empowering consumers to make purchases anywhere Visa is accepted; and with no foreign transaction fees while abroad.

“We’re finally bringing the new Klarna Card to the US market, a product that gives consumers more financial control to choose how they want to pay,” said Sebastian Siemiatkowski, Co-Founder and CEO of Klarna. “Unlike many traditional credit cards, the Klarna Card is transparent with no hidden fees, gives consumers increased payment options, flexibility, and cashback when they use the card in our app, meaning they have a smarter way to manage their finances.”

In 2023 credit card debt hit a new record high of $1.13 trillion, according to the Federal Reserve Bank of New York. The card offers a healthier and more sustainable option with payment flexibility, including an option to pay a monthly statement in full at zero interest, pay earlier than the statement due date at zero interest, or to pay over time or move a purchase to the next statement with interest. This variety of choice grants consumers the power to budget and manage credit according to their needs, promoting responsible spending without the pitfalls of traditional credit cards.

The Klarna Card seamlessly integrates into Klarna’s best-in-class shopping experience with the Klarna app. When integrating the Card with the app, users can find the best deal and buy it in just a few taps with a seamless checkout experience. Once purchased, customers have the option to change how they want to repay by updating their payment method and track their spending all in one place, giving them greater financial control.

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