Particle.news
Download on the App Store

Klarna and Sparkassen Launch ‘Dynamic Recurring Payments’ for Giro Accounts

The new account-based system lets users preapprove monthly budgets via S‑pushTAN for automatic payments that post instantly to their statements.

Overview

  • Klarna and the Sparkassen-Finanzgruppe introduced DRP, a recurring payment method that draws directly from Sparkasse giro accounts.
  • Customers set a monthly spending budget once in online banking and authorize it a single time using the Sparkasse S‑pushTAN app.
  • Subsequent payments within the approved budget execute automatically without repeated TAN entry and can be paused or deactivated at any time.
  • All DRP budgets are visible in online banking and executed transactions appear immediately on account statements for easier tracking.
  • The companies present DRP as a flexible, transparent alternative to traditional direct debits and as a step forward for Open Banking in Europe.