Klarna is a bank that is connected to the Visa network. So, inherently, it is bound by the same rules as any other bank. So, in the context of this thread, they are not a competitor to Visa/MasterCard.
That's correct only in NA, where Klarna issues virtual credit cards and transactions happen via card tracks. In EU, or at least the Nordics, the transactions are bank-to-bank and there is no virtual card. That means they are a direct competitor.
In Sweden they issue regular credit cards (my friend has one).
Also, AFAIK, in Nordics they offer virtual card payments to merchants who don't integrate with them directly.
tappio|5 years ago
h91wka|5 years ago