Marqeta Backs Klarna’s Launch of Flexible Debit Card in the US

Marqeta becomes first US issuer certified for Visa Flexible Credential to support Klarna’s new payment offering
Marqeta, a card issuing platform headquartered in California, has announced its continued collaboration with Klarna to support the launch of the Klarna Card in the US.

The debit card, powered by Visa Flexible Credential (VFC), enables users to choose between paying immediately or deferring payments, using a single card.

In July 2024, Marqeta became the first issuer processor in the US to be certified for Visa Flexible Credential.

This certification allows Klarna to provide consumers with increased payment flexibility on the same card.

The Klarna Card is currently in its pilot phase in the US, with broader availability planned later in the year.

“The future of payments is flexible, and we’re proud to enable this new offering together with Visa,”

said Rahul Shah, Chief Product and Engineering Officer at Marqeta.

“Our ongoing partnership with Klarna is a true testament to what’s possible with Marqeta’s platform and how we enable our customers to grow and innovate at global scale.”

Marqeta has supported Klarna’s virtual cards in the U.S. since 2018 and currently works with the company in six countries.

The firms say their collaboration is aimed at helping Klarna expand internationally while offering more adaptable payment tools.

“Through our continued partnership with Marqeta and Visa, we’re evolving the Klarna Card into a truly dynamic and versatile payment experience,”

said David Sandström, Chief Marketing Officer at Klarna.

“We’re excited to continue innovating alongside Marqeta as we scale the Klarna Card to provide smart, seamless payments that empower smarter, more informed shoppers everywhere.”

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