Klarna keeps your personal data for as long as needed to provide services and meet legal requirements, with financial and transaction data potentially kept for up to 10 years.
Your transaction history and financial data may be retained by Klarna for up to 10 years, limiting the practical effect of a deletion request for data subject to legal retention obligations.
Cross-platform context
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Compare across platforms →A 10-year retention period for financial transaction data means detailed records of your purchases and payment behavior remain with Klarna for a significant period, even after you close your account.
REGULATORY FRAMEWORK: GDPR Art. 5(1)(e) requires data minimization and storage limitation; retention must be justified by specific legal obligations or legitimate purposes. Swedish Accounting Act requires retention of financial records for 7 years. EU Anti-Money Laundering Directive (AMLD5/6) requires retention of transaction records for 5 years. UK Companies Act requires similar retention. CCPA/CPRA does not mandate specific retention periods but requires disclosure of retention practices.
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