Nu bank Ventures into Telecom: Revolutionizing Travel with eSIM Services and Strategic Partnerships
What you will find in this article: Nubank's Entry into Telecom: Nubank is launching an eSIM service for travelers, offering 10GB of data in the U.S., Latin America, and Europe, integrated through their app. Strategic Partnership with Wise : Nubank is partnering with Wise to provide low-fee international money transfers for Ultravioleta subscribers, enhancing financial flexibility while traveling. Gigs Platform Support: The eSIM service is powered by Gigs, which simplifies the process of providing mobile services, similar to how Stripe operates in the financial sector. Gigs’ Financial Backing: Gigs is supported by notable investors, including Gradient Ventures (Google’s venture arm) and Uber CEO Dara Khosrow Shahi. Revolut's Similar Initiative: Revolut, another neobank, launched a comparable eSIM service, indicating a broader trend in the fintech sector. Neobank and Telecom Synergy: The convergence of financial services and mobile communications is highlig...