Marqeta, a global modern card issuing platform, has announced that it has expanded its partnership with Klarna, a leading global retail bank, payments and shopping service, into 13 new European markets: the UK, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland and Denmark.
This new European expansion of Marqeta’s partnership with Klarna began with the launch of Klarna’s UK shopping app in May 2021. This was followed by a broader expansion to 12 additional markets in September, with Marqeta supporting Klarna’s one-time virtual cards in all 12 markets. This represents a significant expansion of the scope of the two companies’ partnership and a major win for Marqeta’s European business. Marqeta launched in Europe in 2018 and in November announced that the number of transactions processed by its European customers in the third quarter of 2021 increased by over 340% year-over-year.
“Klarna has seen significant growth of our consumer base in the past years, most especially in the US, and partners like Marqeta support this trajectory,” said Koen Kӧppen, Chief Technology Officer at Klarna. “Marqeta’s tech platform has helped us quickly realise new or improved products in complex markets. We’re happy to work with Marqeta in Europe to further leverage this expertise as we develop our offering.”Click below to share this article