The company best known for “buy now, pay later” now wants to be your phone carrier. Klarna has rolled its mobile service directly into the main Klarna app, offering an unlimited 5G plan for $35 a month that runs on AT&T’s network — putting a fintech giant into direct competition with prepaid and MVNO carriers for budget-conscious US customers.
What the Klarna plan includes
For $35 a month — or $30 for Klarna Max members — the plan comes with unlimited data, talk and text, plus 10GB of hotspot data. It uses priority 5G access on AT&T’s network, so a 5G-capable phone and coverage are needed to get the fastest speeds. The plan also bundles unlimited roaming in Canada and Mexico with 1,000 minutes and texts to those countries each month.
There’s no long-term contract; Klarna says you can cancel up to 24 hours before your renewal date. Activation is handled entirely in the Klarna app through an eSIM that takes a few minutes to install, and you can either port an existing number or get a new one. New customers who port in an existing number get their first month free. The service is powered by Gigs, the platform behind a growing number of app-based carriers.
How it compares to prepaid unlimited
| Klarna Mobile | Typical prepaid unlimited | |
|---|---|---|
| Price | $35/mo ($30 Klarna Max) | ~$25–$45/mo |
| Network | AT&T (priority 5G) | Varies (T-Mobile / Verizon / AT&T) |
| Hotspot | 10GB | Often limited or none |
| Managed via | Klarna app / eSIM | Carrier app or store |
| Contract | None | None |
Who it’s for
Klarna says it’s targeting its roughly 25 million US users — people already in the app who might add a phone line the same way they’d manage a payment. At $35 for priority AT&T 5G with a hotspot allowance, it’s competitive with mainstream prepaid unlimited plans, though the cheapest prepaid deals still undercut it on headline price. The catch for bargain hunters is that the very lowest prices in the market are on smaller-data prepaid tiers, not unlimited.
The launch is part of a broader trend of banks and fintech apps blending into telecom. For anyone already comparing cheap unlimited options, it’s one more name to weigh against the prepaid plans we track — and a reminder to pair whatever plan you choose with the right budget phone.
Sources: Klarna, PhoneArena, and Gigs.