Revolut to Launch Mobile Phone Offer in Germany
Revolut, a British neobank, has announced plans to launch its own mobile phone service in Germany later this year. The move follows the introduction of a data tariff with eSIM, which has been available since 2024. According to heise.de, Revolut’s mobile phone offer will include unlimited data volume in Germany, as well as a flat rate for calls to all networks and text messages.
The tariff will also include a roaming data volume of 40 GB for travel within the European Union and Great Britain without a fixed contract term. When the tariff starts, Revolut customers can either activate a new mobile number or take their old one with them from their previous mobile operator. This option to take your number with you has been required by law since 2021, as reported by heise.de.
The mobile phone offer will be integrated into the Revolut app, which the company claims will offer “unparalleled ease of use compared to traditional network operators with an intuitive menu and in-app controls”. Revolut customers can pay for their tariff with their collected “RevPoints” if they wish, which is the bank’s loyalty program that rewards customers with points for every purchase. As heise.de notes, the company has not yet revealed when Revolut will actually activate its mobile phone offer, nor which of the three German network operators will be on board as a partner.
A company spokesperson told dpa that details on partners in individual countries will be announced at the product launch. “Revolut wants to offer German customers the best possible offer and optimal network coverage,” the spokesperson said. The bank charges 12.50 euros per month for the mobile phone offer, which is described as an “introductory offer” with no time limit. Revolut customers can already be placed on a waiting list, as reported by heise.de.
However, there are still some ambiguities surrounding the offer. Revolut only mentions a “high-speed” connection, but it is unclear what speed this refers to, or whether the offer operates on the 4G or 5G network. Many prepaid providers now support 5G, but Revolut has not confirmed whether its offer will do the same. As heise.de notes, Revolut claims to have more than 50 million customers worldwide, including over 2 million in Germany.
Revolut’s main competitor in Germany is N26, which had almost five million “revenue-relevant customers” at the end of 2024. The Berlin-based neobank also has a mobile offering in the works, which is due to be officially announced in May. With its mobile phone offer, Revolut is looking to expand its services and provide customers with a more comprehensive banking experience. As heise.de reports, the company is aiming to provide German customers with the best possible offer and optimal network coverage.
The company’s plans to launch a mobile phone service in Germany are part of a larger trend of neobanks and fintech companies expanding their services to include mobile offerings. This trend is driven by the increasing demand for digital banking services and the need for more flexible and convenient mobile phone plans. As the mobile phone market continues to evolve, it will be interesting to see how Revolut’s mobile phone offer is received by customers and how it compares to other mobile phone services on the market.
In conclusion, Revolut’s decision to launch a mobile phone service in Germany is a significant development in the fintech industry. With its mobile phone offer, Revolut is looking to provide customers with a more comprehensive banking experience and expand its services. As reported by heise.de, the company is aiming to provide German customers with the best possible offer and optimal network coverage.
Source: heise.de
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