N26 announced its entry into the European telecommunications market with the launch of N26 SIM.
The launch is the latest move by the digital banking provider as it continues to reimagine traditional business models “through digital innovation.”
N26 SIM was specifically designed for customers “who value maximum flexibility and attractive pricing.”
Offering digitally-activated mobile plans on Vodafone Germany’s 5G network, N26 SIM delivers “a seamless user experience – entirely without a physical SIM card.”
Thanks to modern eSIM technology, N26 SIM mobile plans can be activated directly in the N26 app – quickly, “without paperwork, and without the need to visit a local telco store.”
All plans come with “unlimited national calls and text messages, as well as free EU and EEA roaming.”
With N26 SIM, three data plans are available “at attractive rates” to suit various customers’ needs:
- S plan: 10 GB for 13.99 € per month
- M plan: 30 GB for 19.99 € per month
- L plan: 100 GB for 34.99 € per month
On top of their choice of data bundle, N26 SIM customers “can also choose between porting in an existing phone number, or getting a new number provided by N26.”
For flexibility, customers will also have the “ability to cancel their plan with a month’s notice, doing away with long fixed-term contracts and binding commitments.”
The use of eSIM technology also unlocks additional benefits, “allowing customers to switch between multiple numbers and active mobile plans on a single device, making it ideal for those who want to separate work and personal connections or stay flexible with traveling abroad.”
Valentin Stalf, founder and CEO of N26 said:
“With N26 SIM, we’ll offer flexible and affordable mobile plans that can be activated straight in our app with just a few taps. Together with our network operator Vodafone, our customers can be connected through one of the best mobile networks in Germany, setting new standards in the telecommunications sector.”
Marcel de Groot, CEO of Vodafone Germany said:
“Over the past years, we’ve made significant investments in expanding our mobile network and enhancing our infrastructure to be especially attractive for partners. By collaborating with leading innovation partners in Germany, we also strengthen our position as a frontrunner in digitalization. Our network provides millions of people with high-speed, reliable connectivity for their digital everyday lives, and this will also benefit N26’s customers going forward.”
N26 SIM is available to eligible customers in Germany “with a private N26 account starting today, in collaboration with its connectivity partner, 1GLOBAL.”
The digital bank will explore “expanding the offering to additional European markets in due course. ”
As covered, N26 is Europe’s digital bank with “a full German banking license.”
It offers mobile banking to customers in 24 markets across Europe.
N26 processes over “140bn EUR in transactions a year and currently has a 1,500-strong team of more than 90 nationalities.”
The company is headquartered in Berlin, with offices “in multiple cities across Europe, including Vienna, Paris, Milan and Barcelona.”
Founded by Valentin Stalf and Maximilian Tayenthal in 2013, N26 has reportedly raised close to “$ 1.8 billion from some of the world’s most renowned investors.”