June 2, 2022 | 2 min read
Marqeta powers new Klarna Card
We’re excited to announce that we’re working with Klarna to power the new Klarna Card. Building on our successful partnership, Klarna will use our platform to issue the Klarna Card, enabling its customers in the US to pay anywhere using Klarna’s “Pay in 4” solution both online and in-store.
The Klarna Card is now available to US consumers and comes amid Klarna’s rapid growth in the US, which continues to be Klarna’s fastest-growing key market by volume. Klarna began using Marqeta’s modern card issuing platform in the United States in 2018, to power virtual cards across multiple product offerings.
“Our US customer base is growing rapidly and we’ve seen tremendous demand for our new Klarna Card offering. By working with Marqeta, we were able to quickly launch a brand new card program with seamless flexibility and controls,” said David Sykes, Chief Commercial Officer at Klarna. “By expanding our partnership with Marqeta, we’re leveraging their payments expertise to provide our customers with an unmatched user experience that will ultimately help our business grow.”
Our API-first card issuing and processing platform is built for differentiation and speed, enabling customers like Klarna to instantly onboard accounts, issue physical and virtual cards, and push to digital wallets so users can start spending immediately upon credit approval. The Klarna Card will provide US consumers with a transparent, bi-weekly repayment schedule, making it easy for consumers to keep track of their payments.
Get more information about our Buy Now, Pay Later solutions.