US EditionKlarna launches P2P payments
Klarna's new service enables instant money transfers among users in 13 countries, expanding beyond BNPL with over 4 million Klarna Card sign-ups driving growth.
- On Wednesday, Klarna Group launched a peer-to-peer payment service in Europe similar to Zelle, rolling it out across 13 European countries.
- Klarna is expanding beyond Buy Now, Pay Later into everyday banking after launching Klarna Balance accounts and the Klarna Card with over 4 million sign-ups.
- At launch, transfers work only between Klarna app users, who send money by entering a recipient's phone number, email, QR code or saved contact while Klarna runs fraud and eligibility checks.
- The launch positions Klarna to compete with banks and national P2P apps like Swish and MobilePay by enabling instant transfers for friends, family and multinational groups.
- Security concerns are raised as Klarna said it's unclear if the service will reach the United States, with a Klarna spokesperson noting `We'd love to bring it to the U.S. but have no immediate plans to do so right now.
14 Articles
14 Articles
Klarna launches MobilePay rival connecting Denmark to 13 European countries
Payments company Klarna has launched a competitor to MobilePay, the Danish peer-to-peer payments service, which will allow users to instantly transfer money from Denmark to friends and family in 13 different European countries.
Klarna launches Swish rival connecting Sweden to 13 European countries
The payments company Klarna has launched a competitor to Swish, the Swedish peer-to-peer payments service, which will allow users to instantly transfer money from Sweden to friends and family in 13 different European countries.
Klarna has launched an instant payment solution among individuals in 13 European countries, including Spain, as announced this Wednesday in a statement."With instant payments among individuals, it is now even easier to manage all payments through Klarna, including small transfers, which makes managing the money faster, simpler and cheaper," said Klarna co-founder and CEO Sebastian Siemiatkowski.
Payment service Klarna is launching its own Swish variant, thereby taking on competition from the major banks.
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