Klarna, the global digital bank and flexible payments provider, has begun rolling out two new products tapping into retail banks’ core business: everyday spending. This launch marks a significant step forward in Klarna’s mission to disrupt retail banking and become an every day spending partner to the UK’s consumers.

• Klarna balance allows customers to store e-money in a Klarna ‘account’ where they can add and withdraw funds, receive refunds and cashback rewards for certain Klarna purchases. 

• Klarna Card is a flexible debit-first card; purchases are debit by default, but consumers can apply for a spending plan for purchases when credit makes sense. The card is powered by Visa Flexible Credential and accepted at over 150 million Visa merchant locations worldwide, online and in-store. 

David Sandström, Chief Marketing Officer of Klarna says: “Traditional banks have taken the trust out of banking. We’re here to change that and our new Klarna Card puts you in control: the simplicity of debit with the flexibility of credit, all wrapped in a beautifully simple experience.”

The UK product launches follow Klarna’s e-money authorisation from the FCA in July this year and the successful roll-out of the card and balance products worldwide. Following the U.S. pilot launch in July this year, the Klarna Card hit one million sign-ups in just  11 weeks and Klarna’s card portfolio already drives 10% of global transactions, while Klarna’s balance product in other markets has helped drive up global deposits from $9.5bn in December 2024 to $14bn in June 2025.