Elsewhere in market news, O2 Germany plans to launch a mobile banking service in Germany later this summer.  Using cloud technology provided by Fidor Bank AG, mobile-only customers will be on-boarded using document checks via a video link. An O2 Mastercard will be provided to customers to enable them to withdraw cash and make purchases. 

Matthias Kröner, CEO of Fidor Bank AG commented: “This partnership is the first truly disruptive alliance in Germany between a successful digital telecoms company and an innovative digital bank.”