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Deep & Emerging Tech·July 6, 2026·1 min read

Klarna applies for a US banking licence, its boldest American move yet

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A BNPL giant pushing for a full US banking licence is a bet that owning deposits and core rails matters more than just sitting on top of cards. If you’re in consumer finance, assume more product bundling—payments, credit, and banking under one UX—and plan partnerships or defenses accordingly.