Nubank’s NuCel Gets a Physical Chip
Hey Digital Banking Fanatic!
Nubank is expanding its presence in the telecom market. After launching NuCel last year with only eSIM support, the company is now introducing physical SIM cards.
The service remains the same: national coverage, unlimited calls, free WhatsApp usage, and fixed monthly plans. By adding physical SIM cards, NuCel becomes accessible to users without eSIM-compatible smartphones, significantly increasing its addressable market.
This move places Nubank ahead of other FinTechs that have explored telecom. In the U.S., Klarna recently entered the market, following Step’s launch of Step Mobile. In Europe, N26 and Revolut have previously tested mobile services.
A few years ago, introducing a set out to replace wallets. Today, they are replacing SIM cards. In Africa, telecom companies evolved into FinTechs. In the Americas and Europe, it’s FinTechs turning into telecom providers...
Who will be the next FinTech to launch a physical SIM, Revolut?
Read more Digital Banking updates below 👇 there'll be more tomorrow!
Cheers,
Stay ahead in FinTech! Subscribe to my Daily FinTech Newsletter for daily updates and breaking news delivered straight to your inbox. Get the essential insights you need and connect with FinTech enthusiasts now!
NEWS
🇧🇷 Nubank prepares the arrival of a physical chip at NuCel. Analysts point out that NuCel users can now order a physical SIM directly through the Nubank platform, with home delivery at no additional cost. With the physical chip, it will be possible to increase the addressable base of the offer.
🇰🇷 KakaoBank targets stablecoin market with 12 trademark filings. It has filed multiple trademark applications related to its stablecoin business in a bid to secure first-mover advantage in the fast-growing market. The applications cover three categories: cryptocurrency-related software, cryptocurrency financial-transaction services, and cryptocurrency mining.
🇲🇽 Nu, Revolut, and other neobanks will take time to become profitable. The new digital banks in Mexico will face pressures on profitability and asset quality "for a considerable time" as they go through the process of entering the market and establishing themselves, according to Fitch Ratings.
🇺🇸 DXC and Thought Machine partner to accelerate banking modernisation. By leveraging DCX’s full-service management and Thought Machine’s core banking technology, the solution aims to enable banks to accelerate time to market for new digital products.
🇺🇸 Acorns accelerates family strategy with acquisition of Zeta. With this acquisition, Acorns welcomes Zeta cofounders Kevin Hopkins and Aditi Shekar to the team. They bring deep experience in the couples and family space, which is especially meaningful as Acorns accelerates its family product strategy.
🇬🇧 10x Banking goes for growth in APAC with Constantinople tie-up. The collaboration sees two major technology companies coming together to provide banks, mutuals, and financial institutions around the world with access to best-in-class banking technology architecture and solutions.
🇩🇪 Qonto names Malte Dous Managing Director for Central Europe. In this role, he will oversee the company’s operations in Germany and lead expansion efforts in neighbouring markets such as Austria. He will also focus on product enhancements and local partnerships aimed at meeting the specific needs of German businesses.
🇺🇸 SoFi reintroduces crypto investing and launches global remittances. It plans to offer crypto spot trading, allowing customers to buy, sell, and hold cryptocurrencies such as Bitcoin and Ethereum in their accounts. Additionally, it will introduce global remittances on its app, enabling international money transfers via a blockchain-based process.
💰 Monaco Bank with ties to Prince Andrew nears sale to FinTech investors. The buyers are seeking regulatory approval to finalize the acquisition and plan to transform the business into a wealth-focused financial technology company under a new name.
Want your message in front of 100.000+ Digital Banking fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
