T-Mobile US poised for second banking bid - Mobile World Live

T-Mobile US poised for second banking bid

29 NOV 2018

T-Mobile US looked set to resurrect a financial services play under the T-Mobile Money brand, a service provided in partnership with BankMobile.

Although the launch is yet to be formally unveiled or marketed by the operator, its website is already live and has been noted by a number of consumer technology websites in the US including Tech Radar.

It is not clear if the company is currently able to accept customers for the service, which is believed to be still at the pilot stage.

The T-Mobile Money website revealed it will offer standard deposit and payment services with no upfront fee. Although it will use the T-Mobile brand, the banking aspect will be performed by BankMobile.

Consumers will not be required to have any previous relationship with the company and will be able to access the service using an iOS or Android app, or a web browser.

T-Mobile US abandoned its previous banking service in 2016 after two years of operation, but in January CEO John Legere (pictured) hinted a return to the sector could be on the cards alongside moves in other vertical markets.

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Chris Donkin

Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved...

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