Revolut to launch mobile plans 

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The launch positions Revolut as one of the first digital finance companies to expand into mobile connectivity 

Mobile bank Revolut has announced the launch of a new mobile virtual network operator (MVNO) services in the UK and Germany, with more markets to follow. 

The London-based fintech company, best known for its digital banking services, announced today that it will roll out mobile subscriptions with unlimited calls, texts, and data. The plans include 20GB of roaming data across the EU and USA, with no fixed contract required. 

The move is the latest step in Revolut’s push to expand beyond banking and could represent a significant shakeup to the existing MVNO market. With over 10 million existing UK customers and a further 2 million in Germany, Revolut has a major platform from which to attract mobile subscribers.  

The company says it is aiming to attract customers frustrated with rising roaming charges and rigid contract terms. 

The move follows the success of Revolut’s eSIM product last year. Since then, the company claims millions of data plans have been used across more than 100 countries, making eSIM its most popular non-financial feature. 

Revolut says the new mobile plans will be integrated into its app, giving users more visibility and control over their usage.  

“The massive success of our eSIM product launched has proven mobile offerings are ripe for disruption. In our view, consumers are suffering with traditional network offerings due to a lack of transparency with hidden fees, painful customer experience and old, difficult to navigate UX,” said Hadi Nasrallah, General Manager, Telco and Retail Director at Revolut. 

“We’re looking to solve all three, providing Revolut customers with a tech-led experience, the best value and no fixed contract commitments. It’s yet another step for Revolut into the consumer telecommunications arena where innovation is desperately overdue and we look forward to bringing this update to consumers in more markets soon,” he continued. 

The MVNO market has had a second disruption this week as the Octopus Group, the investment group behind Octopus Energy, announced it is exploring plans to launch a mobile virtual network operator (MVNO) that could challenge the dominance of the UK’s current biggest four operators,  EE, Virgin Media O2, Vodafone, and Three.  

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Author: Ernestro Casas -

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