N26 no longer just manages your money: the neobank also wants to take care of your mobile plan. The German company, known for its 100% digital approach to banking, is entering the telecoms market with N26 SIM, an offer that aims to be flexible, affordable, and hassle-free. It's available today in Germany.
An eSIM and zero commitment
No need for a physical SIM card: everything goes through an eSIM that can be activated in a few minutes from the N26 app. Everything is powered by Vodafone's 5G network. As for plans, there are three options: 10 GB for €13.99/month, 30 GB for €19.99/month, and 100 GB for €34.99/month.
Unlimited calls and texts, roaming included throughout the EU and the European Economic Area, and most importantly: the ability to cancel at any time with one month's notice. You can keep your number or request a new one, and everything is done from the app. No commitment, no paperwork, no stores.
Valentin Stalf, the boss of N26, explains: "We want our customers to be able to activate their mobile plan as easily as they open a bank account." He's banking on simplicity and the absence of constraints to attract customers, in a country where mobile plans often cost two to three times more than in the rest of Europe.
N26 isn't the first neobank to try this. Revolut, its major British rival, recently launched its own plans, including 20 GB of roaming in Europe and the United States for a very competitive monthly rate. The N26 plan is aimed at a similar audience: young, mobile users, and, above all, comfortable with everything digital.
Behind this new offering, there is a clear desire to diversify its sources of revenue. N26 has five million customers, but remains far from Revolut's 52 million. To grow without raising more funds, the bank wants to offer more services in its app, as it has already done with insurance and, soon, commodities trading.
In Germany, several brands already offer eSIM plans, such as Aldi and Tchibo. But N26 is banking on seamless integration with its online bank to make a difference. And if the offer works, it could well be exported elsewhere in Europe.
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