From banking app to mobile operator, Revolut’s latest move into telecoms aims
to shake up the industry with eSIM-powered plans and no-nonsense pricing starting in the UK and Germany.
As reported by the FT, Revolut,
the fintech powerhouse, is venturing beyond banking into the telecom sector. Starting
in the UK and Germany, the company plans to offer mobile services that include
unlimited domestic calls and data, along with 20GB to 40GB of roaming data
across the EU and the US, all without the burden of long-term contracts.
The move makes Revolut the second new entrant to the UK mobile space
this week, with Octopus Group exploring
a similar launch, according to reports.
@RevolutApp and Octopus are about to Disrupt UK 🇬🇧 Telecom.
Here is how they do it:
What Revolut and Octopus are launching is called a Mobile Virtual Network Operator, or MVNO.
An MVNO is a mobile provider without its own physical network (no cell towers, antennas, etc.).… pic.twitter.com/BN3EzH1XLF
— Marcel van Oost (@oost_marcel) May 4, 2025
This move positions Revolut as a Mobile Virtual Network Operator (MVNO),
allowing it to provide mobile services without owning the underlying
infrastructure. Instead, it will lease capacity from established network
operators, a strategy that has become increasingly popular among brands seeking
to offer mobile services without the hefty investment in infrastructure.
Hadi Nasrallah, Product GP and New Bets, Head of Telco at Revolut (LinkedIn).
Hadi Nasrallah, General Manager, Telco and Retail Director at Revolut
said in a press
release: “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. 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.”
eSIM: The Digital SIM Revolution
Revolut’s foray into telecom isn’t entirely new. In 2024, the company
introduced an eSIM service, enabling users to access mobile data in over 100
countries without the need for physical SIM cards. This service quickly became
one of Revolut’s most-used non-banking features, highlighting a significant demand
for integrated, hassle-free mobile connectivity .
Big news: Revolut is entering the mobile market soon. Unlimited calls, texts, and data at home. All with no fixed contract.
📞 Keep your number, or get a new one from us
📞 Superfast 5G
📞 Roaming included
📞 eSIM makes setup easy
📞 All for just £/€12.50 a monthCustomers in… pic.twitter.com/YfSVCWaLQg
— Revolut (@RevolutApp) April 30, 2025
The eSIM technology allows users to switch between networks seamlessly,
manage their data plans directly through the Revolut app, and avoid exorbitant
roaming charges—a common pain point for international travelers.
The Financial Times points out that Revolut isn’t blazing this trail
alone—Brazil’s Nubank already rolled out its own mobile service, “Nucel,”
last year. And Monzo? Well, the British neobank hasn’t shut the door on doing
the same.
Disrupting the Telecom Status Quo
Revolut’s entry into the telecom space is more than just an expansion;
it’s a direct challenge to traditional mobile operators. By offering
transparent pricing, flexible plans, and integrating mobile services into its
existing app, Revolut aims to address common consumer frustrations such as
hidden fees and complex contracts.
The move also reflects a broader trend of fintech companies leveraging
their digital platforms to offer a wider range of services. By bundling banking
and mobile services, Revolut is positioning itself as a one-stop-shop for
consumers’ financial and connectivity needs.
What’s Next for Revolut?
While the initial rollout is focused on the UK and Germany, Revolut has
expressed intentions to expand its mobile services to other markets in the
future. The success of this venture could pave the way for further integration
of telecom services into fintech platforms, potentially reshaping the landscape
of both industries.
As consumers increasingly seek convenience and value, Revolut’s
innovative approach to combining financial services with mobile connectivity
could set a new standard for what users expect from their service providers.
For more stories of fintech and innovation, visit our dedicated pages.
From banking app to mobile operator, Revolut’s latest move into telecoms aims
to shake up the industry with eSIM-powered plans and no-nonsense pricing starting in the UK and Germany.
As reported by the FT, Revolut,
the fintech powerhouse, is venturing beyond banking into the telecom sector. Starting
in the UK and Germany, the company plans to offer mobile services that include
unlimited domestic calls and data, along with 20GB to 40GB of roaming data
across the EU and the US, all without the burden of long-term contracts.
The move makes Revolut the second new entrant to the UK mobile space
this week, with Octopus Group exploring
a similar launch, according to reports.
@RevolutApp and Octopus are about to Disrupt UK 🇬🇧 Telecom.
Here is how they do it:
What Revolut and Octopus are launching is called a Mobile Virtual Network Operator, or MVNO.
An MVNO is a mobile provider without its own physical network (no cell towers, antennas, etc.).… pic.twitter.com/BN3EzH1XLF
— Marcel van Oost (@oost_marcel) May 4, 2025
This move positions Revolut as a Mobile Virtual Network Operator (MVNO),
allowing it to provide mobile services without owning the underlying
infrastructure. Instead, it will lease capacity from established network
operators, a strategy that has become increasingly popular among brands seeking
to offer mobile services without the hefty investment in infrastructure.
Hadi Nasrallah, Product GP and New Bets, Head of Telco at Revolut (LinkedIn).
Hadi Nasrallah, General Manager, Telco and Retail Director at Revolut
said in a press
release: “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. 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.”
eSIM: The Digital SIM Revolution
Revolut’s foray into telecom isn’t entirely new. In 2024, the company
introduced an eSIM service, enabling users to access mobile data in over 100
countries without the need for physical SIM cards. This service quickly became
one of Revolut’s most-used non-banking features, highlighting a significant demand
for integrated, hassle-free mobile connectivity .
Big news: Revolut is entering the mobile market soon. Unlimited calls, texts, and data at home. All with no fixed contract.
📞 Keep your number, or get a new one from us
📞 Superfast 5G
📞 Roaming included
📞 eSIM makes setup easy
📞 All for just £/€12.50 a monthCustomers in… pic.twitter.com/YfSVCWaLQg
— Revolut (@RevolutApp) April 30, 2025
The eSIM technology allows users to switch between networks seamlessly,
manage their data plans directly through the Revolut app, and avoid exorbitant
roaming charges—a common pain point for international travelers.
The Financial Times points out that Revolut isn’t blazing this trail
alone—Brazil’s Nubank already rolled out its own mobile service, “Nucel,”
last year. And Monzo? Well, the British neobank hasn’t shut the door on doing
the same.
Disrupting the Telecom Status Quo
Revolut’s entry into the telecom space is more than just an expansion;
it’s a direct challenge to traditional mobile operators. By offering
transparent pricing, flexible plans, and integrating mobile services into its
existing app, Revolut aims to address common consumer frustrations such as
hidden fees and complex contracts.
The move also reflects a broader trend of fintech companies leveraging
their digital platforms to offer a wider range of services. By bundling banking
and mobile services, Revolut is positioning itself as a one-stop-shop for
consumers’ financial and connectivity needs.
What’s Next for Revolut?
While the initial rollout is focused on the UK and Germany, Revolut has
expressed intentions to expand its mobile services to other markets in the
future. The success of this venture could pave the way for further integration
of telecom services into fintech platforms, potentially reshaping the landscape
of both industries.
As consumers increasingly seek convenience and value, Revolut’s
innovative approach to combining financial services with mobile connectivity
could set a new standard for what users expect from their service providers.
For more stories of fintech and innovation, visit our dedicated pages.
