Monzo plans to launch UK mobile phone service | Monzo bank

Monzo is looking for his own mobile phone service in the UK, in a movement that could raise the competition under large phone groups and secured further income for the growing digital bank.

The online-only lender, which was launched in the early stages of developing a digital SIM version of the inserted in the phone inserted to mobile networks in the earth.

That could open the door for Lucrative Mobile phone Contractors with new and existing customers, press unschools such as Vodafonethree and the BT property ee. Big Telephone Already Completion of Financial Companies, including Revolution including and the No-No-Pay-Later Provide Klarna, who also try to take a slice of phone market.

A MONZO for Monzo for Monzo said, “Monzo is known to switch products – and provide a great experience, that we can do this in the early stages of developing this idea.”

The movement, that was first reported Through the financial times, would help divide income, which is already out of a scattering that is Millennials to divide with his dike-hire-pink bank with more than 13 million UK customers and more than 3,900 staff.

It could help increase the business's appreciation before an expected initial public offer. Monzo last valued at £ 4.5bn in October 2024 or employees sold to stock in existing investors. This followed a funding in May the same year that £ 500m increased.

While the appreciation has been significantly behind his rival, which has valued at $ 45bn), has monzo in the UK in the UK and, to be a limited license and, 12 months still available In spite of government attempts to hasten the process.

Monzo was recently ruminated in controversy and fined £ 21m across weak financial crime. A research by the authority of the financial behaviors that were the checks that were customers in the requesting “apparently impressive including 10 Downing Street, Buckingham Palace and Recing's own headquarters.

The chief board of the bank, TS Anil, said last month that, he said to the past in our checks in our checks in our checks in our checks “.