Klarna launches bank accounts in Germany

Fintech startup Klarna is turning its mobile app into a banking app in Germany, TechCrunch reports. Customers living there can now open a consumer bank account and get a Visa debit card.

For now, Klarna is launching bank accounts for a limited number of users. The company expects to roll it out more broadly in the coming months.

What you get is a full-fledged bank account with a German IBAN to receive money, set up direct deposits and debits. The debit card works with Google Pay and Apple Pay. You get two free ATM withdrawals per month.

Read more: TechCrunch