Klarna, the finance company best known for its “buy now, pay later” (BNPL) service, now wants to be a mobile carrier. The company is rolling out 5G service in the United States, powered by AT&T’s nationwide network.
The current plan is $40/month with “unlimited 5G data that stays at 5G speeds.” That’s not the worst pricing for MVNO mobile service, but AT&T sells its own Simply Unlimited Plan through Cricket Wireless for the monthly same price with taxes included. There are plenty of other competitors too, like Verizon’s Visible service that has unlimited 5G and 5Mbps hotspot service for $25 per month.
Visible's New $45/mo 5G Plan Has Faster Hotspot Speeds and a Smartwatch Line
It might be one of the best budget carriers in the United States.
Klarna says it will roll out premium options with international access “later this year,” as well as mobile plans in the United Kingdom, Germany, and other countries. The actual infastructure is operated by Gigs, which already partnered with Nubank in Latin America on a similar service. Gigs says fintech companies can “boost ARPU, increase customer loyalty, and drive revenue growth” by launching their own mobile networks, and apparently Klarna is interested.
Klarna is one of many “buy now, pay later” providers that encourage people to take loans for products and services they can’t afford to buy outright, usually through integrations in popular online stores and Apple Pay. A study released last month revealed 41% of BNPL customers in the United States have paid late fees at least once, up from 34% just a year ago, and Klarna reported a 17% increase in consumer credit losses (e.g. unpaid loans) in the first quarter of 2025, compared to the same period in 2024. Klarna, Affirm, PayPal, Afterpay, and other companies make it incredibly easy to trap yourself under a mountain of late fees and debt, especially since those companies are not as tightly regulated as regular banks.
There’s no reason to use Klarna’s mobile plan over the countless other MVNO networks, like Mint Mobile, Visible, Cricket Wireless, Metro by T-Mobile, or Ting, Boost Mobile. The price isn’t anything revolutionary, and you’re just handing over more of your digital and financial life to a company that specializes in predatory short-term loans.
Source: Klarna via 9to5Google