{"id":195419,"date":"2025-06-18T21:36:12","date_gmt":"2025-06-18T21:36:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/195419\/"},"modified":"2025-06-18T21:36:12","modified_gmt":"2025-06-18T21:36:12","slug":"klarna-becomes-latest-fintech-entering-mobile-market","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/195419\/","title":{"rendered":"Klarna Becomes Latest FinTech Entering Mobile Market"},"content":{"rendered":"

The company\u00a0on Wednesday (June 18) announced<\/a>\u00a0plans to launch an \u201cunlimited\u201d phone plan in the U.S. in the weeks ahead before bringing it to the U.K., Germany and other countries.<\/p>\n

\u201cKlarna has saved consumers time and money, and reduced financial worry for over 20 years,\u201d\u00a0Sebastian Siemiatkowski<\/a>, CEO and co-founder of Klarna, said in a news release.<\/p>\n


\n \n<\/p>\n

\u201cWith mobile plans we\u2019re taking that one step further, as we continue to build our neobank offering. Consumers already know and love Klarna\u2019s super smooth services and now, with one tap in the Klarna app, they\u2019ll be up and running with their new phone plan \u2014 no hassle, no hidden fees, just great value.\u201d<\/p>\n

The company says its research finds that more than half of Americans think switching phone plans is too hard. Klarna says that users can switch to its plan by transferring their existing number (or getting a new one), and activating their phone plan from the company\u2019s app, with no need for phone calls, paperwork or store visits.<\/p>\n


\n \n<\/p>\n

\u00a0Klarna\u2019s mobile plans are powered by mobile service operating system Gigs, and come with uncapped, unlimited 5G data, talk and text for $40 per month, with coverage by AT&T.<\/p>\n

\u201cKlarna\u2019s 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,\u201d said Hermann Frank, CEO and co-founder of Gigs.<\/p>\n

The launch makes Klarna the latest FinTech entering this space.\u00a0Revolut<\/a>\u00a0introduced its\u00a0mobile plan<\/a>\u00a0in April, while Latin American FinTech\u00a0Nubank<\/a>\u00a0debuted a telecom service dubbed\u00a0\u201cNucel<\/a>\u201d\u00a0last year in Brazil.<\/p>\n

These rollouts are happening at a moment when, as PYMNTS wrote in late March, the mobile phones\u2019 penetration into global market is blurring the boundary between telecom and financial services.<\/p>\n

It\u2019s led to a\u00a0situation<\/a>, that report added, \u201cwhere digital banks, and especially neobanks, are moving into communications and mobile payments, and telcos, in turn, are branching more fully into finance.\u201d<\/p>\n

Research from the PYMNTS Intelligence report\u00a0\u201cHow the World Does Digital: A Global Benchmark of Consumer Digital Transformation<\/a>,\u201d\u00a0found that the infrastructure for digital banking and telecom is pervasive, with most countries surveyed having access to and using mobile phones.<\/p>\n

Meanwhile, the Global System for Mobile Communications Association estimates that 4.3 billion people own smartphones, meaning there is a significant greenfield opportunity, as 3.4 billion people remain untapped.<\/p>\n","protected":false},"excerpt":{"rendered":"The company\u00a0on Wednesday (June 18) announced\u00a0plans to launch an \u201cunlimited\u201d phone plan in the U.S. in the weeks…\n","protected":false},"author":2,"featured_media":195420,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3159],"tags":[34662,34663,3672,79510,79511,547,14849,12,79512,3279,53,16,15,3281],"class_list":{"0":"post-195419","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-bnpl","9":"tag-buy-now-pay-later","10":"tag-fintech","11":"tag-gigs","12":"tag-klarna","13":"tag-mobile","14":"tag-mobile-phones","15":"tag-news","16":"tag-pay-later","17":"tag-pymnts-news","18":"tag-technology","19":"tag-uk","20":"tag-united-kingdom","21":"tag-whats-hot"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114706526204046370","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/195419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=195419"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/195419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/195420"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=195419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=195419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=195419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}