Klarna has launched peer-to-peer funds in 13 European markets, enabling customers to ship cash, cut up payments, and reward money immediately inside the Klarna app.
The transfer shifts Klarna past buy-now, pay-later towards turning into an on a regular basis digital hub for spending and cash administration.
Whereas initially restricted to Klarna customers sending home funds to different Klarna customers, the corporate plans to develop P2P funds to non-users, cross-border transactions, and probably stablecoin-based choices sooner or later.
Digital funds app Klarna is taking a step to grow to be extra like a financial institution. The Sweden-based firm has launched peer-to-peer (P2P) cost capabilities this week, making it doable for customers to ship funds to household and pals.
The brand new P2P capabilities will initially be obtainable in 13 European nations: Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, and the UK. Prospects in these nations will be capable of use the Klarna app to separate payments, reward money, and ship funds beneath the safety of a regulated financial institution.
Klarna, which initially launched as a buy-now, pay-later device in 2005, views this launch as the following step in its evolution as an on a regular basis digital hub for spending and cash administration.
“Prospects are sick of the friction and charges of conventional banking, which is why tens of millions signed as much as Klarna Card inside a couple of months of launch,” stated Klarna Co-founder and CEO Sebastian Siemiatkowski. “With peer-to-peer funds we’re making it even simpler to handle all your funds via Klarna, now together with small transfers, making managing your cash faster, simpler, and cheaper.”
At launch, P2P funds will solely work between Klarna customers sending home funds. To ship funds, customers want a recipient’s cellphone quantity or e mail tackle, or they will use a QR code or saved contact. When the sender confirms the quantity, Klarna checks the transaction particulars for fraud. The corporate plans to develop the capabilities to non-Klarna customers and to cross-border funds sooner or later.
That is among the many first main bulletins Klarna has made since going public in September 2025. And whereas it comes two months after the corporate debuted the KlarnaUSD, its stablecoin, the corporate stated that its P2P funds will initially run over conventional cost rails, although it’s exploring stablecoin-based choices.
The launch of the brand new P2P cost capabilities marks Klarna’s first transfer in 2026 after a busy 2025, when the corporate noticed the deposits in its Klarna Steadiness account double from $9.5 billion in 2024 to $14 billion in 2025. Moreover, Klarna’s debit card noticed greater than 4 million sign-ups simply 4 months after launching.
Klarna made no point out of plans to launch P2P cost capabilities within the US, the place it might face entrenched opponents reminiscent of Money App, Venmo, and Zelle. Nevertheless, including P2P funds to an already strong app deepens Klarna’s position in customers’ day by day monetary lives, which might reinforce its ambition to maneuver past buy-now, pay-later and nearer to a full-service digital banking expertise.
Photograph by cottonbro studio
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