Klarna’s Neobank Ambitions Advance in the UK
Hey Digital Banking Fanatic!
Klarna keeps moving toward becoming a neobank. In the UK, the company just received an EMI license, clearing the way to roll out Klarna balance and Klarna cashback.
Already live in the US and parts of Europe, Klarna Balance lets users store money in the app, get refunds, top up from a debit card, and spend the balance at checkout. Cashback skips points and tiers, just cash, sent back to the Klarna balance.
As Abby Vickers, Klarna UK’s Financial Services lead, put it, "This authorisation marks Klarna’s next big step in the UK, moving beyond flexible payments into everyday financial management."
Could a full banking license be next? 🤔
Keep scrolling to learn more about Klarna's update and the latest moves across the digital banking industry 👇
See you tomorrow!
Cheers,
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