Klarna has launched instant peer-to-peer payments in 13 European countries, allowing customers to send money to friends and family directly through its app.

The move is designed to push the FinTech giant further into everyday banking, building on the launch of Klarna Balance accounts and rapid uptake of its debit product, Klarna Card, which has attracted more than 4 million sign-ups in four months.

Users can send money using a phone number, email, QR code or saved contact, with Klarna carrying out fraud and eligibility checks before the transfer is made.

The business plans to expand the service to non-Klarna users and cross-border payments, and is also exploring stablecoin-based transfers in the future.