Visionary Plan for a Decentralized Marketplace
Leading eSIM service provider, eSIM Plus, has disclosed its groundbreaking plan to invest in creating the world’s first decentralized marketplace for consumers and operators.
This initiative is a key component of the company’s Telecom-as-a-Service strategy, responding to the escalating interest in the $4.7 billion eSIM market.
Global Presence and Trusted Service
With a significant presence in over 190 countries, eSIM Plus stands as one of the world’s most trusted providers of virtual SIMs.
Currently serving 3 million users with an impressive retention rate of 30%, the company is known for offering a roam-like-home approach.
The forthcoming marketplace platform aims to establish strategic partnerships, uniting major telecom operators and smaller regional players under a single umbrella to further reduce costs.
CEO’s Vision for a Borderless Telecom
In an exclusive chat with Technext, Dina Tsybulskaya, the CEO of eSIM Plus, highlighted the company’s mission to make telecom truly borderless.
She emphasized the goal of providing users with greater transparency in accessing roaming services worldwide through the adoption of eSIM technology.
Telecom-as-a-Service: A Decentralized Solution
Discussing the Telecom-as-a-Service platform, Tsybulskaya detailed the company’s commitment to a decentralized solution.
This strategy involves unifying regional and global partnerships, opening up local Mobile Virtual Network Operators (MVNOs) to international travelers by integrating local networks as partners into a comprehensive network of networks.
The aim is to sell eSIMs to users even before they physically arrive, creating a seamless telecom experience.
Strategic Partnerships in Africa
Recognizing the potential benefits, the CEO expressed the company’s intent to forge partnerships with pan-African wholesale providers.
This collaboration aims to yield cost savings for international visitors using mobile internet services within African nations and for outbound African travelers seeking roam-like-home solutions abroad.
Diverse Partner Network and Inclusion of Smaller Providers
As part of its strategic expansion, eSIM Plus is actively engaging with smaller players in Africa, such as regional mobile providers, cable providers, MVNOs, satellite companies, and decentralized networks.
This initiative is designed to enhance the value proposition for consumers, offering competitive pricing structures consistently across locations.
Facilitating Access to Global Telecommunications Market
The inclusion of smaller-scale providers from Africa into the supply chain is strategically designed to facilitate their access to the global telecommunications market.
By integrating these providers, eSIM Plus empowers them to independently participate in the international arena, utilizing the platform as a gateway for online retail and eSIM activation.
Diversifying Payment Methods with Cryptocurrencies
The CEO highlighted the company’s focus on diversifying payment methods, allowing cryptocurrencies alongside fiat currencies for bill payments toward voice and data services.
Cryptocurrency payments have rapidly become one of the fastest-growing methods, showcasing the company’s adaptability to the preferences of the next generation of consumers.
Collaboration with Traditional Telecom Operators
Tsybulskaya emphasized that there is more collaboration than competition with traditional telecommunications players.
This collaboration is a major factor contributing to the increased adoption of eSIM technology.
Traditional telcos, transitioning from physical SIM cards to eSIM services, provide a robust infrastructure for eSIM service providers to focus on enhancing user experiences and ensuring synergy in the telecom sector.
Envisioning a Collaborative Ecosystem
The eSIM Plus CEO envisions an ecosystem where scattered Mobile Network Operators (MNOs) can seamlessly interact on a blockchain platform.
This collaboration, driven by a blend of traditional telecom services with blockchain and web3-focused solutions, aims to usher in the next wave of user experience in the eSIM space.
Future Impact and Global Telecom Penetration
With an anticipated 76% or 6.7 billion eSIM smartphone connections globally by 2030, the eSIM sector is poised to positively impact telecom penetration in both developed and emerging economies.
Beyond simplified features and a lower carbon footprint, eSIMs are gaining traction among business and leisure travelers for providing a seamless telecom experience without the need to physically switch SIM cards.
Continued Growth in E-SIM Sector
As eSIM Plus positions itself at the forefront of innovation, the sector’s continued growth is expected to reshape telecommunications, offering consumers a more connected and flexible future.
The recent launch of eSIM services by Airtel Nigeria underscores the industry’s momentum and increasing relevance in the evolving landscape.