According to a recent announcement, Klarna has expanded its digital banking services by introducing peer-to-peer payments. This development aims to strengthen its presence in the digital banking sector.

Availability and Functionality

The new feature is currently available in 13 countries across Europe, allowing customers to send money directly from the Klarna app to friends or family members using their phone numbers, emails, QR codes, or saved contacts. After confirming the payment amount, Klarna performs fraud and eligibility checks before processing the transaction.

The rollout marks a significant step towards transforming Klarna into a more central banking hub for daily transactions and money management. This move follows the introduction of Klarna Balance accounts and the increased use of the Klarna Card, which has seen over four million sign-ups since its launch in Europe.

Future Plans

Klarna plans to expand peer-to-peer payments beyond current users, including non-Klarna customers and cross-border transactions. While initially operating through traditional banking channels, the company intends to explore stablecoin-based options to enhance efficiency and reach.

In a statement, Sebastian Siemiatkowski, co-founder and CEO of Klarna, highlighted that this new payment method aims to reduce the friction and fees typically associated with traditional banking systems, making payments more streamlined and cost-effective for users.

Collaborative Efforts

At the end of 2025, Klarna partnered with Coinbase to launch stablecoin-based funding as part of its institutional financing activities. The partnership aims to provide Klarna with short-term capital denominated in USDC through the use of Coinbase’s digital asset infrastructure.