This new European expansion of Marqeta’s partnership with Klarna began with the launch of Klarna’s UK shopping app in May 2021. This was followed by a broader expansion to 12 additional markets in September 2021, with Marqeta supporting Klarna’s one-time virtual cards in all 12 markets.
The new markets in which the partnership has now extended are: the United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland and Denmark. Klarna uses Marqeta’s Just-in-Time Funding feature to give it control over the full transaction flow, as well as Marqeta’s technology, and suite of more than 300 open APIs to power customisable product experiences, and support Klarna’s rapid global scale.
Klarna began using Marqeta’s modern card issuing platform in the United States in 2018, to power Klarna’s one-time virtual card in its mobile shopping app used to complete any purchase. Marqeta supported Klarna’s Australian launch in 2020 and its recent expansion into the New Zealand market. Marqeta launched in Europe in 2018, and in November 2021 announced that the number of transactions processed by its European customers in the third quarter of 2021 increased by over 340% year-over-year.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.