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In Sweden they issue regular credit cards (my friend has one). Also, AFAIK, in Nordics they offer virtual card payments to merchants who don't integrate with them directly.

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Sure, they have plenty of collaboration with both major card schemas. AFAIK, they do both acquiring and issuing. I don't think collaboration means that you can't compete with each other? Their most successful products in the EU are not using card tracks.

> I don't think collaboration means that you can't compete with each other?

I just don't think there's much room for competition when one party gently keeps another in a chokehold. Klarna depends on Visa, but not vice versa.

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