PAYMENTS
HEADQUARTERS: LONDON, UK NUMBER OF EMPLOYEES: 5,000 + MARKET CAP: £ 1.7BN( US $ 2.3BN)
The partnership gives Monzo access to nationwide 5G coverage, supported by Virgin Media O2’ s ongoing £ 700m( US $ 937.2m) investment in network upgrades.
Paul O’ Sullivan, Director of Wholesale Mobile at Virgin Media O2, says the collaboration is a natural extension of its MVNO strategy.“ Our unrivalled record helping partners launch and scale, alongside continued investment to upgrade and expand our mobile network, will enable us to support Monzo Mobile with ever-improving services,” he says.
Internationally, Monzo has partnered with telecom platform provider 1GLOBAL to enable seamless global connectivity, wherever you are. With access to more than 600 networks across over 200 destinations, the partnership ensures customers can stay connected abroad without the friction traditionally associated with roaming.
For frequent travellers – a key demographic for digital banks – this integrated approach proves particularly
70 August 2026