Marqeta and Klarna Launch Visa Debit Card with Pay Now or Later Options

Marqeta and Klarna have launched a new Visa-powered debit card with flexible payment options, allowing users to pay immediately or delay payment. The card, currently in US trials, is enabled by Visa Flexible Credential and is powered by Marqeta's platform. The partnership marks a significant step in their ongoing collaboration, which began in 2018 with virtual cards. The Klarna Card aims to provide a smarter and more seamless payment experience.

Marqeta and Klarna have announced the launch of a new Visa-powered debit card featuring flexible payment options. The card, currently in a trial phase in the U.S., allows users to pay immediately or delay payment, all on the same card. This innovation is enabled by Visa Flexible Credential (VFC) and powered by Marqeta's platform. The partnership marks a significant step in their ongoing collaboration, which began in 2018 with virtual cards.

The Klarna Card aims to provide a smarter and more seamless payment experience. It builds upon Marqeta's flexible card issuing platform, which has been instrumental in enabling companies like Klarna to expand into new markets and offer innovative payment options. Marqeta's certification for Visa Flexible Credential in July 2024 further enhances its capabilities, allowing cardholders to set parameters or choose between debit, credit, 'pay-in-four' with Buy Now, Pay Later, or even pay using rewards points [2].

Klarna's Chief Marketing Officer, David Sandström, expressed excitement about the collaboration, stating, "Through our continued partnership with Marqeta and Visa, we’re evolving the Klarna Card into a truly dynamic and versatile payment experience. 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" [3].

Marqeta's Chief Product and Engineering Officer, Rahul Shah, echoed this sentiment, noting that the future of payments is flexible and that the partnership with Klarna is a testament to the platform's ability to enable growth and innovation at a global scale [2].

The card is expected to be rolled out more broadly in the U.S. later this year, following its current trial phase. This latest development underscores the commitment of both companies to driving innovation in the payments industry and meeting the evolving needs of consumers.

References:
[1] https://www.pymnts.com/news/payment-methods/2025/marqeta-powers-klarnas-recently-announced-flexible-payment-card/
[2] https://finance.yahoo.com/news/marqeta-power-klarna-debit-card-110000697.html
[3] https://fxnewsgroup.com/forex-news/payments/klarna-to-leverage-marqetas-platform-and-visa-flexible-credential-to-expand-payment-options-for-new-debit-card/