The pilot program in the United States allows customers to choose between paying immediately or opting for installment payments using a single card. Marqeta’s platform, which was among the first issuer processors in the US to be certified for Visa Flexible Credential in 2024, supports this feature. The wider rollout of the Klarna Card across the US is expected later in 2025.
Marqeta and Klarna Collaboration
The partnership between Marqeta and Klarna dates back to 2018. Marqeta has been instrumental in supporting Klarna’s virtual cards within the US market, helping Klarna grow and launch new products based on customer demands. Representatives from Klarna emphasized that through this ongoing collaboration with Marqeta and Visa, they aim to enhance the capabilities of the Klarna Card into a dynamic and adaptable payment experience.
Earlier in 2022, Marqeta and Klarna began working on the development of the Klarna Card. The card program was designed to increase flexibility and control for customers while allowing them to take advantage of both platforms’ expertise and benefit from better experiences and cost-effective options when purchasing high-value items.
Further expanding their alliance, Marqeta and Klarna entered 13 new European markets in the meantime.
Latest News from Klarna
In a recent move, Klarna partnered with Meta to introduce a ‘Play Now, Pay Later’ bundle for UK gamers. The collaboration enables consumers to purchase Meta Quest 3 and Quest 3S headsets through Klarna’s flexible payment plan, which includes both the hardware and a subscription to Meta Horizon+. This arrangement permits shoppers to spread their payments over time with no interest.