First your money, now your data: Klarna wants to become a global mobile network with unlimited 5G data, joining N26, Revolut - I just wonder how long before PayPal joins in

Date:
Mon, 23 Jun 2025 20:36:00 +0000

Description:
Klarna launches a $40 unlimited 5G mobile plan via AT&T, aiming to challenge telecom titans, but raising long-term reliability concerns.

FULL STORY ======================================================================Klarna wants to be your bank, your store, and now your phone network too Its new mobile plan offers unlimited 5G, but it's unclear how support will work Unlimited data sounds great, but what happens when you need help or travel abroad?

Klarna, the fintech company known for reshaping the buy-now-pay-later space and once using an AI bot to do the job of 700 staff , is moving into a very different line of business: mobile connectivity.

The company is launching a mobile network that promises unlimited 5G data, talk, and text for $40 per month in the United States.

Klarnas new service is being rolled out in partnership with Gigs , a company that describes itself as the operating system for mobile services. Klarna moves beyond banking

Klarnas push into the mobile space marks the beginning of a new era for connectivity. Now, consumers can expect a seamlessly integrated mobile experience that bundles premium connectivity with financial tools, all
through the apps they already know and love, said Gigs CEO, Hermann Frank.

The plan includes unlimited 5G data that reportedly wont be throttled, with coverage on AT&Ts nationwide network.

Klarna claims there are no hidden fees, no contract lock-ins, and a setup process that happens in minutes through the Klarna app.

But questions remain about long-term service reliability, especially when services like customer support and international roaming havent yet launched.

For now, only a basic unlimited plan is available, with premium options expected later.

Klarna has saved consumers time and money, and reduced financial worry for over 20 years. With mobile plans were taking that one step further, as we continue to build our neobank offering, said Sebastian Siemiatkowski, CEO and co-founder of Klarna.

Consumers already know and love Klarnas super smooth services and now, with one tap in the Klarna app, theyll be up and running with their new phone
plan, no hassle, no hidden fees, just great value.

The offer seems to address common frustrations among US mobile users. Klarnas internal research suggests half of Americans "believe switching phone plans
is too difficult.

The company touts its 25 million active users and high Net Promoter Score as reasons why it could disrupt telecom just as it did digital payments.

With N26 and Revolut already venturing into telecom, Klarnas entry is part of a larger trend where neobanks try to wrap financial and connectivity tools into one platform. Surely it's only a matter of time before PayPal joins the fold. You might also like Check out the best 3D modeling software for 3D printing and more We've rounded up the best portable monitors available now Over 16 billion records leaked in "unimaginable" major data breach



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Link to news story: https://www.techradar.com/pro/first-your-money-now-your-data-digital-bank-klar na-wants-to-become-a-global-mobile-network-with-unlimited-5g-data-joining-n26- revolut-and-i-wonder-how-long-before-paypal-joins-in


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