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Toss Mobile, the telecom unit of Toss finance super app, said it has received about 150,000 pre-applications for service subscriptions. This is considered a big feat because it has not been officially introduced to the market yet.
As per Yonhap News Agency, Toss Mobile is set to be launched this week, and Toss operator, Viva Republica Inc., is preparing for this. It was also stated that the mobile virtual network operator (MVNO) is aiming to provide more affordable subscription plans to subscribers while also offering a number of services that are linked to its payment platforms.
Moreover, the company said that about 73% of the new customers were subscribing to existing MVNOs. The mobile virtual network operator pertains to telecommunication service providers that lease networks from mobile companies. Now, it is possible for MVNOs to offer cheaper plans to users because they usually save on costs in operating networks.
It was reported that out of the 150,000 pre-applications, 40% of them are in their 20s. Those who are in their 40s make up 21%, while applicants in their 30s account for 28%.
Toss Mobile is set to launch its new service to help bring down household communication costs. With the successful pre-registration for its new service, it is excited to offer cashback on unused data to subscribers through Tosspay. People will also enjoy the availability of a 24-hour customer center and an easy sign-up process.
Meanwhile, the rates and plans of Toss Mobile are scheduled for release on the day of the service’s rollout, and customers can choose from four options. Toss stated that subscribers who are using unlimited data and have existing mobile phone plans from any of the three telecom companies in the country could expect to save 20% or more on their bills by simply shifting to a Toss Mobile plan.
