Klarna’s new debit card surpasses 1 million sign-ups in just 11 weeks, showcasing the increasing popularity of the buy now, pay later model. The card integrates this model into every purchase, averaging 13,000 sign-ups per day with a peak of over 50,000 on Sept. 23, suggesting continued growth.

Consumers can link the Klarna Card to their bank account or Klarna balance, offering the simplicity of a debit card with the flexibility of credit. This card allows users to break down everyday purchases and can be used at any merchant that accepts Visa, solidifying its significance in Klarna’s 20-year history.

While the buy now, pay later model may lead to increased spending, the Klarna Card can also save money compared to credit cards. Klarna claims to have helped Britons save over half a billion U.K. pounds in credit card interest by using their services, highlighting the potential financial benefits of their offerings.

Read more at Yahoo Finance: Klarna’s New BNPL Debit Card Got 1 Million Sign-Ups In 11 Weeks. Here’s How It Can Change Consumer Spending.