On Wednesday, Klarna announced the launch of Klarna Card — a Visa card that allows users to delay payments on their online and in-store purchases. Users of the card can pay off their purchases up to 30 days after initially buying the items, with no interest or late fees. In the future, additional payment options will be added.

Klarna plans to introduce the card gradually, aiming to open eligibility to all customers by early 2022. In the meantime, there is a waiting list that users can sign up to. Around 400,000 people have already signed up. 

In order to be eligible for the card, users must first undergo soft credit checks, must be 18 years old or above, and must have an income of at least £12,000 per annum. Users must also have made at least one purchase through Klarna which they paid off on time. 

The payment card is already available in Sweden and Germany where, according to Klarna, it is used by over 800,000 people.