Money 2020 Europe began in Amsterdam amidst a recovering financial landscape. Day one featured significant announcements including the launch of Klarna's new credit card, which introduces innovative features such as Buy Now Pay Later functionalities on a debit card. Klarna's CEO highlighted the card's appeal to users uncomfortable with traditional credit options. Visa's representative emphasized the card's versatility, allowing payments in various forms. Klarna is currently witnessing a strong demand with five million users on its waitlist, indicating a healthy interest in their offerings as they expand to Europe later this year.
"It enables people to use Klarna on a piece of plastic, everywhere online and instant...a perfect mix between debit and credit options, which I believe is the future."
"We believe the consumer is ready for the future with a single card that truly opens up free choice...with loyalty points."
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