Business · Companies · 7 hrs ago

Telefónica and Revolut partner in Germany to reach customers

Telefónica and Revolut partner in Germany to reach customers

Telefónica’s German subsidiary has partnered with Revolut to attract wholesale customers in Germany.

Telefónica is a Spanish telecommunications group, while Revolut is a financial platform.

The deal will make use of Telefónica’s network for Revolut’s users.

Revolut has three million users in the context of the deal.

The partnership links a telecom network with a financial platform’s customer base.

The companies’ stated focus is wholesale customer acquisition; no further details about the services or next steps were given.

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Telefónica DeutschlandCompany statement
Mobile communications are evolving from a standalone product into an integrated component of digital platforms. Telefónica Deutschland provides its network infrastructure and expertise in the wholesale sector to facilitate these offerings.
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Jörg KablitzDirector of Partners and Wholesale Sales at Telefónica Deutschland
Our partnership with Revolut and 1GLOBAL marks a new milestone in the German mobile communications market. It shows how the wholesale business is evolving from traditional partnerships to a platform economy, enabling greater growth.
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