Global digital bank and flexible payments provider Klarna has launched instant peer-to-peer payments in 13 European countries.

The list of launch countries includes: Belgium, Denmark, Finland, France, Germany, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, the United Kingdom.

The new feature enables Klarna customers to send money to friends and family, whether splitting bills or gifting cash, directly from the Klarna app.

This launch takes Klarna deeper into everyday banking, turning Klarna into a central hub for day-to-day spending and money management. It comes on the back of the Klarna Balance accounts and the rapid adoption of Klarna Card, with over 4 million sign-ups just four months after launch.

Sebastian Siemiatkowski, co-founder and CEO of Klarna commented:

“Customers are sick of the friction and fees of traditional banking, which is why millions signed up to Klarna Card within a few months of launch. With peer-to-peer payments we’re making it even easier to manage all of your payments through Klarna, now including small transfers, making managing your money quicker, easier, and cheaper.”

To send money, users simply choose a recipient using a phone number, email address, QR code, or a saved contact. After confirming the amount, Klarna runs fraud and eligibility checks before proceeding with the payment. At launch, transfers work between Klarna users, with plans to soon expand to non-Klarna customers and cross-border payments, allowing Klarna to cover even more everyday banking and money management needs.

While Klarna’s P2P payments currently run on traditional banking rails, the company is already exploring stablecoin-based options to further enhance speed, reach, and efficiency.