Klarna and Visa Unveil Flexible Debit Card Pilot at Money20/20 Europe

Klarna, the AI-powered payments and commerce network, has unveiled the pilot launch of the Klarna Card—a next-generation debit product with built-in flexible payment options, powered by Visa’s Flexible Credential.

Unlike traditional credit cards that may lead to additional debt and interest charges, the Klarna Card allows consumers to pay immediately or choose interest-free options to pay over time—online or in-store at over 150 million Visa-accepting merchants worldwide.

The Klarna Card is currently being trialed in the U.S., with plans for a broader rollout across the U.S. and Europe later this year. This phased launch allows Klarna to refine the experience based on user feedback, optimize performance, and ensure the product serves as a smarter, more flexible spending solution.

With over 5 million consumers on the waitlist, the Klarna Card represents Klarna’s boldest step yet toward becoming an everyday spending partner. The card comes with an FDIC-insured wallet, enabling users to store money, make real-time transfers, and integrate with Klarna’s Pay in 4 and Pay Later options—all in one seamless interface.

“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,” said David Sandstrom, Chief Marketing Officer at Klarna. “They want simplicity, flexibility, and transparency all in one place. That’s exactly what has made Klarna’s payment methods so popular online, and now we’re bringing that same experience to a physical card.”

The Klarna Card combines spending, saving, and borrowing tools in a single intuitive platform, making it a cornerstone in Klarna’s evolution into a modern-day global neobank for digital-first consumers.

“Millions of people around the world have embraced the choice and control offered by Visa’s Flexible Credential,” said Mathieu Altwegg, SVP Product and Solutions at Visa Europe. “We’re excited to extend this to even more U.S. consumers and to bring it to Europe for the first time. This is a pioneering example of a future where consumers need just one card to access their preferred way to pay—anywhere, for anything.”