Monzo to enter mobile market with three phone plans this summer

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleDigital bank Monzo is poised to launch a new mobile phone plan this summer, operating on the Virgin O2 network. The service aims to reward subscribers with a 5 per cent discount on monthly bills each year, potentially accumulating up to 30 per cent in savings over time. Monzo will offer three digital SIM plans with varying data allowances, priced at £8, £12, and £20 per month. This initiative challenges the traditional mobile model by avoiding mid-contract price rises and is expected to intensify competition within the telecoms sector. The announcement follows Monzo's recent report of an £87.3 million pre-tax profit for the year to March, marking a 44 per cent increase. In fullMonzo joins UK mobile market with phone plan offering discounts every yearThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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