Mobile phone services offered by Revolut: an investigation
Revolut, the British fintech company, is making waves in the mobile industry by expanding its services beyond a banking app and into mobile offerings. The company plans to launch full-fledged mobile plans in the UK and Germany, offering app-based mobile plans featuring unlimited data and excellent roaming, disrupting the traditional mobile market[1][4].
The launch, expected in mid-2025, will see Revolut offering mobile plans with unlimited domestic data and generous roaming benefits, positioning themselves as competitive and transparent alternatives to traditional mobile operators[1]. While exact network providers have not been explicitly named, it's likely that Revolut will leverage eSIM technology, suggesting partnerships with existing mobile network operators rather than building their own network infrastructure[1][4].
The initial monthly cost of the Revolut mobile contract will be 12.50 euros, a price point that is currently comparable to tariffs with unlimited data volume, but at about half the cost[1]. This move is a testament to the success of their eSIM product, which has proven that mobile offers are ripe for disruption, according to Revolut's General Manager, Hadi Nasrallah[1].
Revolut's foray into the mobile sector follows a similar strategy to other fintechs like Klarna, Robinhood, PayPal, Trade Republic, and N26, all of which are aiming to expand into super apps for finances[1]. Revolut has been handling these offers through cooperation partners, such as 1Global and Deutsche Telekom[1].
The company, which currently has around 50 million customers, lags behind Asian super apps like WeChat and Alipay, each with over a billion users[1]. However, with their user-friendly digital approach, consistent with their fintech services, and the success of their eSIM data plans, Revolut is well-positioned to make a significant impact in the UK and German mobile markets[1][4].
In addition to mobile plans, Revolut's in-house bonus program, Revpoints, allows customers to earn points every time they pay with the Revolut card. These points can be redeemed for various rewards, including hotel bookings, vacation rentals, and now, it seems, mobile services[4].
Sources:
- Revolut to launch mobile plans in UK and Germany
- Revolut's expansion into mobile offerings
- Revolut's General Manager on mobile disruption
- Revolut's eSIM data plans and Revpoints program
- With the upcoming launch of its mobile plans in the UK and Germany, Revolut, a prominent fintech company, aims to utilize technology to disrupt the traditional finance and mobile industries by offering unlimited data and excellent roaming benefits.
- Taking advantage of eSIM technology, Revolut is strategically positioning itself as a competitive, transparent alternative to traditional mobile operators, leveraging partnerships with existing network operators to provide mobile services without building its own network infrastructure.
