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Revolut and Other FinTechs Making Push Into Telecom Sector

  • Revolut, a neobank, is launching a mobile service called Mobile Plans, offering unlimited calls, texts, and data, along with a 20GB roaming allowance across Europe and the U.S., starting in the U.K. and Germany.
  • Revolut became one of the first U.K. financial institutions to offer global eSIMs for international connectivity, leading to millions of data plans used in over 100 locations worldwide.
  • Other FinTech companies like Nubank and potentially Monzo are also venturing into the telecom sector, blurring the lines between telecom and financial services.
  • Partnerships between FinTechs or financial institutions and telecoms are promoting financial inclusion globally, with a significant interest in banking offerings provided by telecom firms.

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