British fintech Revolut has announced plans to roll out its own monthly mobile phone subscriptions in the UK and Germany before the end of 2025, marking its first foray into the telecoms market. Customers will enjoy unlimited domestic calls, texts and data, together with a 20 GB EU-and-US roaming allowance in the UK and 40 GB of EU roaming in Germany, all without a fixed-term contract or hidden fees.
Under EU “roam like at home” rules, travellers within the bloc incur no extra charges on domestic allowances, but the UK’s departure from the EU in 2021 freed British operators to reintroduce roaming surcharges. Revolut’s plan will therefore be particularly attractive to frequent travellers between the UK, EU and the US, according to Hadi Nasrallah, Revolut’s general manager for telco.
Rather than build its own network, Revolut will operate as a mobile virtual network operator (MVNO), leasing capacity from one or more incumbent carriers. The fintech has declined to name its network partners but said they “span multiple markets.” Service quality will be governed by contractual commitments and performance-based penalties to ensure customers receive reliable coverage.
Revolut’s entry into telecoms reflects a broader strategy of product diversification beyond digital banking. Last year it introduced an eSIM offering to allow customers to switch networks seamlessly while abroad. The new mobile plans will be fully integrated into the Revolut app, with billing, usage tracking and customer support all managed alongside existing financial services. Customers who join a dedicated waitlist will be eligible for an introductory rate of £ 12.50 or € 12.50 per month and can pay using loyalty points.
Industry analysts say MVNOs cannot replace traditional network competition but can spur innovation by pressuring incumbents to improve customer experience. With over 30 mobile network operators already active in the EU, a new entrant like Revolut may force simplification of packages and greater transparency on fees. Revolut’s approach no contract, no hidden charges, app-centric management aims to undercut the “painful” user journeys and opaque pricing structures that persist in many telecoms markets.
