Chen Yongchang, PhD’s Post

Nubank enters the mobile network market with eSIM services #Nubank, the NYSE-traded Brazilian #fintech neobank, is making its first foray into the mobile network sector with the launch of an eSIM (embedded SIM) service for travelers. This new offering allows customers to access 10GB of free roaming internet in over 40 countries without needing to switch out their existing SIM card. Nubank's entry into the mobile network market is backed by significant growth and strong investor confidence. The company has seen its valuation surge by 170% in the past year, reaching an all-time high of $58 billion. This move into eSIM services is expected to further enhance its market presence and customer engagement. This strategic expansion into mobile services underscores the synergies between financial services and telecommunications. By bundling mobile plans with its banking services, Nubank aims to turn occasional users into regular subscribers, driving loyalty and engagement. The eSIM service, powered by Gigs, simplifies the regulatory complexities and provides a seamless user experience. Hermann Frank, CEO of Gigs, highlighted the potential of this partnership, stating, “Bundling mobile plans represents a powerful lever for neobanks to turn irregular users into monthly paying subscribers, encourage upgrades to premium features, and create an ecosystem where banking acts as a hub for multiple value-added services.” Nubank's innovative approach echoes similar moves by other neobanks like Revolut and Zolve, which have also entered the mobile network space. This trend is expected to grow as more financial institutions recognize the value of integrating mobile services to enhance customer offerings and streamline digital experiences. David Vélez and his team are excited about this new venture, which aligns with Nubank’s mission to challenge the status quo and offer more value-added services to its customers. As Nubank continues to innovate, it is well-positioned to lead the convergence of banking and telecommunications, providing seamless and efficient solutions for its global customer base. The article on TechCrunch in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

While several Australian banks are working to simplify their existing product offerings and feverishly working to implement what appears to be anything AI - their global counterparts are making customer connectivity a major priority. 🤳 According to TechCrunch: “Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an eSIM (embedded SIM) service for travelers. The service will give customers access to 10GB of free roaming internet in more than 40 countries without having to switch out their own existing physical SIM card or eSIM.” Travel is well and truly back on the agenda with drops in prices Aussies are taking to the skies in pre pandemic numbers. ✈️ While those staying grounded are still looking for any savings they can, like a better value monthly phone plan. 📲 So when you consider those two factors the Nubank approach would surely be a winner with bank customers down under. 🇦🇺 Would you stay loyal to your bank if it offered you a discounted branded mobile plan and an easy option to stay connected while travelling?🥰 It’s a resounding yes from us. And we do it Fastter ➡️ for more https://www.fastter.au #fastter #create #enable #grow #brandmvno

Beyond Banking is increasingly becoming interesting… Nubank is taking its first tentative steps into the mobile network realm, as the NYSE-traded Brazilian neobank rolls out an #eSIM (embedded SIM) service for travelers. The service will give customers access to 10GB of free roaming #internet in more than 40 countries without having to switch out their own existing physical SIM card or eSIM. The launch comes shortly after news first emerged that Brazil’s National Telecommunications Agency (Anatel) had quietly greenlit plans for Nubank to become a mobile virtual network operator (MVNO) in partnership with #wireless giant Claro Brasil While that plan remains in the early stages and Nubank hasn’t confirmed any of the launch details, it’s obvious that it’s at least #tiptoeing into the #mobile network sphere — a growing trend within the #fintech fraternity. Andrea Faggiano Riadh Marrakchi Mohammad Nikkar, PhD Mohammed Ghonaim Saleh ALhammad Saeed A. Assiri #beyondbanking #telecoms #brasil #innovation #depin

💡 As the financial landscape evolves, a growing number of neobanks are expanding their services to become mobile networks. This strategic move leverages the bundling of mobile plans, offering a powerful tool to transform irregular users into monthly paying subscribers. By integrating mobile services with their financial offerings, neobanks can encourage users to upgrade to premium features, thereby increasing customer retention and revenue. This approach not only enhances the customer experience but also establishes an ecosystem where banking serves as a central hub for a variety of value-added services. Through this convergence, neobanks are poised to redefine the boundaries of traditional banking and telecommunications.

Trend is reversed. Neobanks/fintechs are providing telecommunications services now. Nubank now provides e-sims for global roaming for its premium clients. Revolut did the same earlier this year as well. More fintechs will most likely follow. With the adoption of digital banking, telecoms were set to disrupt massively in the banking sector. Generally, telecoms have larger customer base compared to banks. Moreover, clients usually have one telecom provider and multiple banks. This situation made telecoms set to disrupt if they overcome regulatory limitations. Here is Saudi, the three major telecoms have financial arms. STC now has a bank. Mobiley has its digital wallet, and Zain has microfinancing company (tamam). All three companies penetrated the financial sector through transactional activities/services such as digital wallets with basic transfer services. Now fintechs are basically doing the same. They are getting into the telecommunication sector with transactional services such as global roaming services. This should pave the way for adopting wider range of services and potentially competing directly with telecoms. That's really interesting. I am curious if the leading fintech disruptors here at our region will explore this trend. I think a real and material convergence between financial services and telecommunication services is sooner than ever.

Blurring the Lines: From Banking to Telecom and Beyond 📈 Nubank's recent move to launch its own mobile operator services in Brazil is a fascinating example of how industries are converging, driven by the power of data and platform ecosystems. This trend isn't limited to the Americas. In the APAC region, we see non-banks like Grab and Singtel venturing into financial services in South East Asia, while established banks explore opportunities in telecom. What's driving this shift? Customer-centric approach: Companies aim to provide a seamless, integrated experience by offering a wider range of services within their platforms. Data-driven insights: Leveraging customer data allows for personalized offerings and improved service delivery. Building ecosystems: Expanding service offerings creates new revenue streams and enhances customer loyalty. What would be the result of this move? A more dynamic and competitive landscape where traditional industry boundaries are blurring. Nubank is the largest neobank in the world and just in Brazil has over 80Mn Customers (Primary bank of approx 27% of the Brazilian population) What are your thoughts on this trend? You can read the article at the link below and Share your insights in the comments below! 👇 #fintech #telco #APAC #data #platformeconomy #customerexperience #innovation

It's always interesting to read about how digitalization is revolutionizing the payments industry. Chris Winter from Discover Global Network and Suresh Rajagopalan CEO at Wibmo discussed how digitalization has revolutionized the payments industry, even making pre-paid cards go virtual. Check out the PYMNTS article below! #DiscoverEmployee #payments #digitalization #virtualcards

It's always interesting to read about how digitalization is revolutionizing the payments industry. Chris Winter from Discover Global Network and Suresh Rajagopalan CEO at Wibmo discussed how digitalization has revolutionized the payments industry, even making pre-paid cards go virtual. Check out the PYMNTS article below! #DiscoverEmployee #payments #digitalization #virtualcards

It's always interesting to read about how digitalization is revolutionizing the payments industry. Chris Winter from Discover Global Network and Suresh Rajagopalan CEO at Wibmo discussed how digitalization has revolutionized the payments industry, even making pre-paid cards go virtual. Check out the PYMNTS article below! #DiscoverEmployee #payments #digitalization #virtualcards

It's always interesting to read about how digitalization is revolutionizing the payments industry. Chris Winter from Discover Global Network and Suresh Rajagopalan CEO at Wibmo discussed how digitalization has revolutionized the payments industry, even making pre-paid cards go virtual. Check out the PYMNTS article below! #DiscoverEmployee #payments #digitalization #virtualcards