Revolut has announced a plan to launch mobile phone plans for the first time, it is expected that it will disrupt the established market and provide more options to customers.
The Fintech company, which is the best known for its banking app, already provides an ESIM that allows to roam abroad on plans paid within the phone app.
But now they are ready to release a full standalone mobile phone plan, including unlimited domestic calls and data plus 20 GB roaming data within the European Union and the US.
When the product is launched at the end of this year, the revolt is opening a waiting list, which signs up to achieve an introductory rate for tariffs. Currently it is no due date when it will come online, along with customers in Germany, the UK set up first to be able to sign up.
When contacted, Rivolut did not disclose whether it would be running its mobile network or would use a pre -installed network.
consumer choice
Four main players in the UK are EE, O2, three and Vodafone. The latter two are due to completing a merger later this year, which came under investigation due to the potential low consumer choice, but now it is ready to pass.
Beyond those, there is a host of small operators known as mobile virtual network operators (MVNOS), including giffGaff, honest mobile and Tesco mobile choice that uses host networks of large operators. Some are really owned by him, such as Vodafone’s spinoff voxy.
It remains to be seen that the Revolute will initially look to establish itself, although Revolute General Manager Hadi Nasrallah said, “Mobile Prasad is mature for disintegration”, “hidden fees, painful customer experience and hard, navigate difficult”, pointing to the view of consumers suffering from traditional network prasad with apps and services.
Rebellion is able to use the points obtained within the app through expenses to be able to pay for users that they are able to pay towards the phone scheme bill.
Independent Understands that the US was included as part of the roaming scheme due to demand, some of which are more established networks that charge bolt-on fees for walking in other parts of the world.
Ashtak
Meanwhile, the group behind the Octopus Energy was also reported to discover a plan to introduce a mobile phone service this week.
Foot Reported Y Corporation has an existing arrangement with three, which is using its network as MVNO, in which negotiations are going on.
The Y Corporation owned Fern Trading owned by a private company with shareholders, investors in an investment product managed by octopus investments – a hand of the overall octopus group, a huge organization that has more than ยฃ 12BN in total.
Independent This understands that the octopus currently does not intend to make a wider firm a player in a mobile space, beyond the ambitions of Y Corporation.
Both companies have overlap, with all the grants sitting on the Fern board and the director in the octopus investment, while the latter has been effectively appointed to run administrative work by Fern.
The Octopus refused to comment on any aspect of the deal.
