Klarna has added instant peer-to-peer transfers in 13 European countries, letting customers send money directly from the Klarna app.
Buy-now-pay-later fintech Klarna has launched a new expansion to its app, adding instant peer-to-peer payments across 13 European markets to allow users to send money to friends and family.
It is the latest expansion of functionality beyond the BNPL lending that the app became known for.
Since the introduction of Klarna Balance in August 2024, global deposits on the platform are up to $14 billion from $9.5 billion, whilst its Klarna Card product has seen over 4 million sign-ups within four months, the fintech company said in an announcement.
“Customers are sick of the friction and fees of traditional banking, which is why millions signed up to Klarna Card within a few months of launch," said CEO Sebastian Siemiatkowski.
"With peer-to-peer payments we’re making it even easier to manage all of your payments through Klarna, now including small transfers, making managing your money quicker, easier, and cheaper.”
Peer-to-peer transfers currently run on traditional banking rails, and the company said it is exploring stablecoin-based options to further enhance speed, reach, and efficiency.
The new feature is available in Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden and the United Kingdom.
The Recap
- Klarna launched instant peer-to-peer payments across 13 European countries.
- Deposits rose from $9.5bn to $14bn by September 2025.
- Klarna is exploring stablecoin options to enhance speed, reach, efficiency.
