By Gianluca Lo Nostro

(Reuters) -British consumer credit firm Lendable launched a monthly 20-pound mobile plan on Wednesday, the latest financial technology firm to expand into telecommunications to unlock new revenue streams.

London-based Lendable, founded in 2014, is the first fintech in Britain to launch such a service. It joins a string of firms in other countries tapping into the telecoms market and seeking to build “super-app” ecosystems that combine banking, shopping and communications.

Revolut recently announced plans for its own mobile virtual network operator in Europe, while Klarna will launch a $40 per month plan in the United States. Unlike mainstream providers, these operators do not own the wireless infrastructure they depend on, which allows them to avoid heavy fixed cos

See Full Page