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Monzo plans to launch UK mobile phone service

Move could increase competition among big phone providers and help diversify revenues for digital bankMonzo is looking to launch its own mobile phone service in the UK, in a move that could heighten competition among big phone groups and secure further revenue for the growing digital bank.The online-only lender, which was launched in 2015, is in the early stages of developing a digital sim card: a software version of the insertable chip used to connect a phone to cellular networks and the internet. Continue reading...

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