Swedish fintech giant Klarna introduces a new payment card offering both debit and credit options across Sweden and several European countries, ahead of its anticipated New York stock market debut.
Klarna Unveils New Payment Card with Dual Functionality
Klarna Unveils New Payment Card
The Swedish fintech giant Klarna is launching a new payment card with both debit and credit functions in Sweden and a host of other European countries.
This announcement comes as Klarna, a major player in online payments and credits, is expected to take significant steps towards a stock market listing in New York this week.
Klarna's payment card, which allows users to choose between paying directly with their own money or opting for a 30-day invoice, was already launched in the US in July.
"The launch follows a successful pilot in the US, where 685,000 Americans have already acquired the card since July," Klarna stated in a press release.
Klarna's CEO and founder, Sebastian Siemiatkowski, commented that the card restores consumers' ability to choose between paying directly or with credit using a single card—a feature most banks no longer offer.
The card's launch coincides with reports that Klarna's anticipated New York stock market listing will kick off with a marketing period this week.