Visa, Klarna launch new debit card product

Klarna unveiled the pilot launch of Klarna Card: a new debit product combined with access to built-in flexible payment options, powered by Visa (V) Flexible Credential and issued by WebBank. Unlike traditional credit cards that can see consumers incur additional debt and interest charges, the Klarna Card will allow consumers to pay immediately or pay later when needed – online or in-store – at more than 150M Visa-accepting merchants worldwide. The Klarna Card is currently in a trial phase in the U.S., gathering feedback to refine the experience before a broader rollout in the U.S. and Europe expected later this year.