Klarna is a global digital bank and payments provider that operates a large commerce network connecting consumers and merchants across multiple countries. The company offers three primary payment solutions—pay-in-full, pay-later (typically interest-free installments or deferred payments), and longer-term fixed-schedule financing—available through merchant checkout, its app, a debit-first card product, and digital wallets, along with advertising services to merchants and digital banking products including deposit accounts and savings tools. Klarna generates revenue primarily from transaction-based merchant fees scaled by payment volume, supplemented by consumer fees and advertising revenue, while holding a European banking license that allows it to fund lending through consumer deposits at low cost.