Mobile network operator Lyca Mobile, which in the UK is a virtual operator (MVNO) on EE’s network, has taken a break from recent troubles (here) by pledging to “transform” the “payment experiences” of its customers through a new partnership with online payment provider Revolut Pay, making it the neobank’s first official MVNO partner in the UK.
The partnership promises to introduce “seamless” payment capabilities, including “automated payments for subscriptions and bills, real-time notifications for payment statuses, and one-click top-ups“. These features are said to “eliminate” the need for repeatedly entering bank details, simplifying the payment process and “ensuring a hassle-free experience“.
Revolut Pay’s advanced payment system is already said to have achieved a 100% authorisation rate for Lyca Mobile transactions in its first month of operation. Additionally, 80% of Lyca Mobile customers using Revolut Pay have adopted automatic top-ups and subscriptions.
Frank Wiemann, Group CMO at Lyca Mobile, said:
“Revolut’s focus on efficiency and innovation aligns seamlessly with our mission to deliver unparalleled connectivity solutions. This partnership is already simplifying the way our customers manage their payments, offering convenience and peace of mind. We’re excited to continue enhancing their experience with cutting-edge technology.”
Alex Codina, General Manager of Acquiring at Revolut, added:
“At Revolut, we’re obsessed with creating the best possible customer experience. We’re delighted to partner with Lyca Mobile and bring all the efficiency benefits of Revolut Pay to the world of subscription payments as we expand into the telecommunications sector.”
The move could perhaps also be seen as forming part of Lyca’s recent “strategic reorganisation” that it said aimed to “drive efficiency and foster global growth“ – this has already resulted in UK job cuts as the provider tries to tackle some big financial challenges.