From CNBC:

Revolut is launching a travel eSIM plan in the U.K., making it the first financial firm to offer telecom plans there. Users can access the Revolut app for free to top up their phone as necessary, with benefits like global data usage for premium package holders to avoid roaming charges.

Revolut partnered with U.K. network operator 1Global to launch the eSIM, aiming to become a one-stop “super app” for various services. Expanding into phone plans reinforces the company’s position as a comprehensive financial solution while attracting a more loyal customer base to increase revenue and profitability.

The move to provide branded phone plans could be lucrative for Revolut long-term, potentially unlocking a new revenue stream and increasing user engagement. The retail spending on travel connectivity services is expected to rise significantly, presenting a growth opportunity for fintech firms like Revolut to integrate essential services.

While Revolut is innovating in the financial space, other banks may follow suit by launching phone plans and travel offers in the near future. This trend signifies a shift towards providing comprehensive solutions within banking apps to enhance user experience and loyalty.



Read more: Revolut launches travel eSIM phone plans in the UK