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Monzo Considers Launching Mobile Service to Rival Major Phone Networks

  • Monzo is considering launching its own mobile service, potentially challenging major UK phone networks, as confirmed by the company.
  • The Financial Times reported that Monzo is developing a digital SIM that connects to a mobile network without a physical card.
  • Monzo has ranked first in banking satisfaction results compiled by the Competition and Markets Authority, noted for overall service quality.
  • A spokeswoman for Monzo stated that the company aims to improve mobile contracts, which customers find challenging, as part of their innovation efforts.
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Evening StandardEvening Standard
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Monzo considers launching mobile service to rival major phone networks

The 10-year old lender confirmed it was in the ‘early stages’ of developing the idea.

·London, United Kingdom
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BizToc broke the news in on Monday, August 18, 2025.
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