Monzo announced that its new Monzo Mobile service will go live this summer, offering eSIM‑only phone contracts starting at £8 a month. The plans run on Virgin Media O2's network and will be managed entirely through the Monzo banking app, promising transparent pricing and the ability to cancel anytime .

£8 Sim‑only Plan Gives 10GB UK Data on Virgin Media O2

According to the report, the entry‑level Monzo Mobile contract provides 10GB of data for £8 per month,with no physical SIM required. Customers will activate the eSIM digitally via their phone settings,and the service will be billed as a rolling monthly contract that can be ended without an exit fee.

30GB and Unlimited Options Push Pricing Into Competitive Zone

Monzo also offers a 30GB plan at £12 a month, which includes 10GB of EU roaming data, and an Unlimited tier at £20 with 26GB of global roaming. While not the cheapest on the market,these prices sit alongside rivals such as Talkmobile’s 50GB for £6.95 and ID Mobile’s unlimited data for £15, according to the source.

Monzo App Integrates Mobile Spend With Banking Dashboard

The Monzo app will display phone‑plan charges, data usage, roaming details and even visual voicemail, allowing users to monitor mobile spend alongsie everyday banking. The report notes that customers can upgrade roaming packs or add specific countries directly in the app , and will have 24/7 in‑app support from real Monzo staff.

Virgin Media O2 Infrastructure Mirrors Sky Mobile and Giffgaff Model

Monzo Mobile will run on the same Virgin Media O2 network already used by Sky Mobile, Tesco Mobile and Giffgaff, providing UK coverage comparable to those established MVNOs.. The source highlights that this partnership gives Monzo a ready‑made network without the need for its own radio spectrum.

Who Is Still Unclear? Physical SIMs and Long‑Term Pricing

The announcement leaves two questions unanswered: whether Monzo will ever support physical SIM cards for users without eSIM‑compatible devices, and how pricing might eovlve after the initial launch period. The report does not include comments from Virgin Media O2 on any future cost adjustments.