- ORIGINAL NEWS
Digital banking giant Revolut is launching phone plans for travelers in the UK
- SUMMARY
Revolut, a digital banking and payments company, is launching phone plans in the U.K. through eSIM technology, becoming the first financial services firm in the country to offer telecom services.
Subscribers to Revolut’s Ultra subscription tier will receive 3GB of data for global use, refreshing monthly.
This move aims to eliminate unexpected roaming charges and cater to Revolut’s ambition of becoming a “super app” with extensive services.
Non-Ultra subscribers can access a standard eSIM plan to top up their phone as needed, especially when traveling abroad and running out of data.
Revolut partners with U.K. mobile network operator 1Global to provide these services.
This initiative aligns with Revolut’s goal to expand its paid subscription offerings and attract a more loyal customer base.
It also taps into the growing demand for travel connectivity services, estimated to reach over $30 billion by 2028.
Revolut joins Indian fintech Zolve in offering eSIM services, signaling a trend among fintech companies to diversify their services.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“The product launch is a rare step for a financial services company, and is part of Revolut’s long-term ambition to become “super app” with multiple services spanning finance and travel.”
“That means that they will not have to worry about unexpected roaming charges when entering another country.”
Negative
“The cost of using mobile data overseas has increased for Brits in recent years.”
“British financial technology company Revolut is launching phone plans in the U.K., the company has told CNBC exclusively, making it the first financial services firm in the country to offer telecom plans — and among the first globally.”