Customers of the bank can join a waiting list for the mobile service that is built on the Virgin O2 network.

Customers of the bank can join a waiting list for the mobile service that is built on the Virgin O2 network.

Monzo has launched its mobile service plans in partnership with 1Global and Virgin Media O2 as fintechs diversify their revenue streams.

Monzo banking customers will be able to sign up to one of Monzo Mobile's new Sim-only phone plans for as little as £8 per month.

Monzo Mobile will launch this summer, with a waitlist opening from today

Monzo, Revolut and Klarna have made moves into mobile.

Subscribers will receive a 5 per cent discount on their monthly bill each year

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