Attractive prices
To make this project a reality, Revolut has partnered with 1GLOBAL, a London-based company specializing in eSIMs with an extensive network of mobile partners around the world. This will allow Revolut users to easily connect to the cellular networks of local operators when traveling in around a hundred countries. Provided, of course, that they have a smartphone compatible with the eSIM function.
On paper, one of the main advantages of Revolut’s new offer is its advantageous prices. Revolut’s eSIM works in more than a hundred countries, with prices starting at €2 for 1 GB. The offers promise to be quite varied, both in terms of data envelope – from 1 to 20 GB – and possibilities . Users will in fact be able to cover several countries with a single offer. Revolut Ultra customers will benefit from 3 GB of data each month, usable in all countries where the service is available. All other neobank customers will be offered 100 MB of mobile data, however, to be used before May 1, 2024.
A diversification strategy
With the launch of this eSIM service, Revolut once again demonstrates its ambition to transform itself into a “super app” offering a wider range of services ranging from finance to travel, including currency exchange and insurance. The objective is to increase customer loyalty and increase paid Premium, Metal and Ultra subscriptions, in order to diversify the company’s sources of revenue. A strategy which is obviously reminiscent of that of Chinese giants such as Alipay or Line. However, if Revolut is the first European bank to launch into eSIM, it is not the very first fintech to do so. In August 2022, Indian credit card startup Zolve began offering eSIM phone plans.