- Klarna will be your bank, your store and now also your phone network
- It is a new mobile plan offers unlimited 5G but it is unclear how the support works
- Unlimited data sounds good, but what happens when you need help or travel abroad?
Klarna, the Fintech Company, known to reshape the buy-now-pay-later room, and once uses an AI-bot to do the job for 700 employees, moves into a very different business line: mobile connection.
The company is launching a mobile network that promises unlimited 5G data, speech and text for $ 40 per. Month in the US.
Klarna’s new service is rolled out in partnership with gigs, a company that describes itself as “the operating system for mobile services.”
Klarna moves beyond banking
“Klarna’s push into the mobile space marks the beginning of a new era for connection. Now consumers can expect a seamless integrated mobile experience that bundles premium connection with financial tools, through the apps they already know and love,” said Gigs CEO, Hermann Frank.
The plan includes unlimited 5G data, which reportedly will not be thrown to cover AT & T’s nationwide network.
Klarna claims that there are no hidden fees, no contract lock and a setup process that happens in minutes through the Klarna app.
But there are still questions about long-term service reliability, especially when services such as customer support and international roaming have not yet been launched.
Currently, there is only one basic unlimited plan available where premium settings are expected later.
“Klarna has saved consumers time and money and reduced financial concern for over 20 years. With mobile plans, we take 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 Klarna’s super -smooth services, and now, with a print in the Klarna app, they are in the process of their new phone plan, no trouble, no hidden fees, just great value.”
The offer seems to tackle ordinary frustrations among us mobile users. Klarna’s internal research suggests that half of the Americans “think it is too difficult to change phone plans.”
The company proclaims its 25 million active users and high network promoter scores as reasons why it could interfere with Telecom, as did digital payments.
With N26 and Revolut, already venturing into Telecom, Klarna’s post is part of a larger trend in which Neobanks is trying to pack financial and connecting tools for a platform. It is definitely only a matter of time before Paypal joins the fold.
