Klarna on Oct. 21 launched Consumer FX, a foreign exchange (FX) feature that lets shoppers buy from participating Klarna merchants in other countries and pay in their own currency with no exchange fee, the company said. Merchants already connected to Klarna can sell to these shoppers without a new integration.
According to Klarna’s announcement, issued in New York through Business Wire, the price and exchange rate are shown to the shopper upfront and remain visible in the Klarna app after the purchase. The feature is live across all of Klarna’s markets and currencies, which the company listed as the US dollar, euro, British pound, Swedish krona, Norwegian krone, Danish krone, Canadian dollar, Australian dollar, New Zealand dollar and Mexican peso.
On the merchant side, Klarna said sellers do not need a local entity or a foreign bank account to reach shoppers in other markets, and that Klarna handles FX disclosure, consent and compliance. The company put its reach at about 120 million consumers in 26 countries and said it has more than 1.2 million live merchants, up 54% from a year earlier.
Klarna said merchants in early results saw a 5% lift in conversion and a 6% increase in sales, which it attributed to the expanded reach. Citing DHL, the release said 70% of shoppers in 2026 buy internationally and 45% buy across borders more than once a month.
“Increasingly, shoppers aren’t thinking in borders,” said David Sykes, Klarna’s chief commercial officer.
The launch came two days after Klarna said it is available for the first time on Commerce Hub, the enterprise commerce platform of Fiserv, for in-store and online checkout in the US, Canada, the UK and select European markets. In that Oct. 19 release, Klarna said it had gone live that week at 100,000 US in-store merchant locations through Clover, Fiserv’s point-of-sale platform for small businesses. Shoppers at those merchants can pay in full immediately, pay in 30 days or split purchases into interest-free installments, and Klarna said it processes 3.8 million transactions per day.
“We’re giving consumers clear, flexible ways to pay, with a new credit decision made on every transaction,” Sykes said in the Fiserv announcement.
Why it matters
Klarna’s pitch to merchants addresses two parts of selling across borders: how prices are presented to foreign shoppers, and the need for a local entity or a foreign bank account to serve them. According to the release, Consumer FX handles both through Klarna’s existing checkout, with the conversion shown to the shopper and the FX disclosure and compliance work handled by Klarna. For merchants already using Klarna, that could widen the pool of shoppers who see prices in a familiar currency without additional development work.
Klarna has also been adding merchants through payment providers and acquirers, as the Fiserv deal shows. In its first-quarter 2026 results, released in May and furnished to the US Securities and Exchange Commission (SEC), Klarna said it was live with more than 1 million merchants, up 49% year over year, and had default partnerships with payment service providers (PSPs) Stripe and Nexi, with JPMorgan Payments and Worldpay expected to go live soon at the time. The company reported first-quarter gross merchandise volume (GMV) of $33.7 billion, up 33%, and revenue of $1.0 billion, up 44%.
What to watch
Key details for merchants are not in the announcement. The release does not say what currency merchants are settled in, how the cost of currency conversion is funded when the shopper pays no exchange fee, or whether merchant fees change for cross-border Consumer FX transactions. Merchants should check their Klarna agreements and Klarna’s official documentation for those terms.
The caveats
The conversion and sales lift figures are Klarna’s own early results, and the release does not explain how they were measured, over what period or across how many merchants. The DHL shopping statistics are cited by Klarna and were not independently reviewed for this story. The merchant and consumer counts come from Klarna’s announcements and filings.
