Klarna introduces new functions
The payment service provider Klarna wants to introduce two new functions for several countries. The account already exists in Germany. It is to get new features.
With two new functions, payment service provider Klarna is moving further in the direction of classic banking services.
(Image: Klarna)
The payment service Klarna introduces new functions. With cashback and a bank account, which Klarna now wants to offer in other countries after Germany, the company is making further inroads into the banking sector. The bank account already launched in Germany is being given additional features. Klarna is thus not only focusing on payment options for shopping, but is also adding everyday spending and money saving to its portfolio.
The functions will be available in twelve countries in Europe - including Germany, Austria, Switzerland and Sweden - and the USA, according to the company. The Klarna account will now run under the name Klarna Guthaben and will be expanded to eleven additional markets. According to the company, German customers will have extended access to additional features. The account now enables automated savings via savings plans and is integrated into the AI-supported global payment network. This speeds up refunds, for example. Interest is also possible.
Cashback in the in-house app is limited to participating retailers
The portfolio expansion is intended to make it easier for users to manage multiple planned payments, says Sebastian Siemiatkowski, co-founder and CEO. The cashback function is available in the Klarna app - limited to participating retailers. The refund varies depending on the partner and is then stored in the credit account.
Klarna is one of the largest payment service providers for online retailers in Europe and is licensed as a bank. Customers can use numerous payment options to make purchases in various online stores. The portfolio ranges from credit card payments to invoices. Two years ago, the payment service provider triggered a trend, particularly among young people, with the now common model of paying digitally later, also known as "buy now, pay later" - this option is also available with PayPal, for example: users published their debt levels with Klarna on social media. Users often admitted that they had lost track of their outstanding payments and had outgrown them.
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