Monzo in the Media 📰

UK Monzo Chat
6935

Why? What’s wrong with Vodafone?

6936

Everyone is going to have their own preferred network. I would be quite happy it is was Vodafone or EE but would run a mile if it was O2.

4 Likes
6937

Exactly that! It’ll be very much dependent on an individual’s location on preferred network. That said, it does seem that EE covers most.

3 Likes
6938

Seems like a strange move. It almost suggest Monzo doesn’t have a huge amount of confidence to expand and innovate within financial services, and has to find alternative revenue streams. Mobile phone contracts are already very competitive, and if Monzo don’t control the infrastructure, where can they really innovate?

4 Likes
6939

Anything but Three. Three is so bad near me

6940

I’d disagree - I dont think offering an additional perk or offering like eSims means they dont have confidence to innovate in financial services … that is a quantum leap :melting_face: They’re quickly becoming a vast company with the resources to work on many things at once

Imagine they offer eSims as part of one of their packaged accounts, there are people who’d be thrilled by this. It won’t hit the mark for others, but thats just the way it goes

6 Likes
6941

I always feel like I’m the only fan of O2 :joy:

Being based north west, Vodafone is the better network given the Voda/O2 divide. I was in Liverpool yesterday and O2 is slowly improving, while not as strong as Vodafone, still worked everywhere I needed it to.

Three and EE in parts I frequent are absolutely shocking.

1 Like
6942

Im really happy with O2 in my area. Literally no issues whatsoever

2 Likes
6943

O2 does not work for even the slowest and lowest data applications anywhere in the centre of Portsmouth, my main reason for shifting to Vodafone, so you couldn’t drag me back regardless of the branding

4 Likes
6944

From a business POV I just don’t see where the revenue is for Monzo - the big money in mobile is with handsets and long and expensive contracts whereas the SIM only market is awash with lots of very cheap, high data offerings across multiple networks. As I said above it’ll be interesting to see where they land on this and what, if anything, they do to make themselves stand out.

2 Likes
6945

I’m not sure it’s a big money spinner, unless it’s part of some long term strategy that I can’t think of. I think the value lies with customer loyalty and ‘stickiness’. The more of the things a customer needs which they get through their bank for a reasonable monthly fee… the less likely a customer will switch

2 Likes
6946

I think that’s it. It’s not that it may be inherently profitable in itself to offer a sim only phone plan as the numbers are likely small, but including such an offering in one of the premium plans could be valuable as a potential customer might look at it and see the perceived value of getting their premium perks - plus their mobile plan - included in a subscription cost that may not be much higher than their existing mobile bill.

So it could be used as a gateway to selling more premium plans rather than an attempt to try and take over the MVNO market

2 Likes
6947

Happy 7th Forumversary :cake: :tada:

3 Likes
6948

I agree. Is it for me? Maybe / Maybe not. But I am looking for a deal for everything everywhere and if it works out less expensive and gives the same, or better, service, I’m in.

Disclaimer: I’m a Monzo investor and an Honest Mobile investor

3 Likes
6949

Thanks David! It’s been a time!

2 Likes
6951
1 Like
6952

Nonsense from CityAM as per usual!

“ Westlake argued the “most striking development” of recent years was the “shrinking of the digital gap” between big banks and challengers. He said the “competitive advantages” challengers once had were “no longer unique”. “ - I work at one of the incumbents. We won’t come close to closing the digital gap :melting_face:

6 Likes
6953
6954

If Starling becomes worth more than Monzo at IPO I will cut it off.

1 Like
6955

So are Monzo going to let this pass by or get involved?