Published by Gigs | April 2026

PicPay now offers select users free access to a global eSIM, bringing borderless connectivity directly into one of Brazil's largest digital banking apps. Nubank launched its own travel eSIM in 2025. Klarna, Revolut, and Sezzle are also live with phone plans offering local talk, text, and data. The pattern is unmistakable: in 2026, the most ambitious fintechs and neobanks are making mobile a core part of their product.

If you're evaluating how to make that move, two names tend to come up: Gigs and OXIO. Both offer no-code tools, API access, and white-label mobile services. But they were built for different markets, for different primary customers, and with different assumptions about what kind of company you are. If you are a product leader evaluating connectivity partners in 2026, those differences matter.

This comparison breaks down where each platform plays, and where each wins.

TL;DR: Three Things to Know Before You Read On

1. Market focus shapes everything. OXIO built its platform with Latin America as its primary theater, particularly Mexico, where it counts AT&T Mexico, Verizon, and Telcel as network partners. Gigs was built for global scale from launch, now supporting domestic eSIM and phone plans in 50+ countries through a single API integration. If your user base spans the US, Europe, and beyond, country coverage is the first filter to apply.

2. Consumer-grade features determine subscriber experience. Launching a mobile product means your users expect number porting, eSIM activation, unlimited data, voicemail, top-ups, and real-time support. Not every platform delivers all of these at the same depth. Gigs is purpose-built for consumer mobile. OXIO is capable but leans toward data-forward, no-frills plans typical of the prepaid Latin American market.

3. Data intelligence is real, but not the priority. OXIO's BrandIQ feature surfaces network-level subscriber behavioral data: movement patterns, app usage, and purchasing signals. For a fintech in Mexico trying to enrich credit scoring with mobile signals, that is genuinely valuable. For a fintech in the US or UK building a competitive phone plan as a retention driver, the priority is network quality, eSIM reliability, and time to revenue, not a network data layer.

Side-by-Side Comparison

When evaluating any embedded connectivity partner, these are the categories that matter most for a fintech or neobank. Here is how Gigs and OXIO compare across each.

Platform Overviews

What is Gigs, and why do leading fintechs choose it?

Gigs is the connectivity OS for embedded mobile. It is a software-defined telecom platform that lets any tech company launch branded phone plans and eSIM services through a single API, without obtaining a telecom license, managing carrier contracts, or building billing infrastructure. Gigs acts as Carrier of Record, handles compliance across 50+ countries, and partners directly with the best carriers in each country (e.g. Gigs has a direct partnership with AT&T in the US).

The results are in market. Klarna launched mobile to 25 million US customers. Revolut rolled out the most competitive mobile offer the UK has ever seen. Nubank used travel eSIMs to increase their subscriber base for Global Account and Ultravioleta cardholders in Brazil. Sezzle launched Sezzle Mobile with unlimited 5G. Lendable launched Zable Mobile, the UK's first fintech-native phone plan. These are not experiments. They are revenue-generating products, all built on Gigs.

Leading fintechs like these choose Gigs because:

• Gigs is Carrier of Record, so partners never need to obtain a telecom license or manage regulatory compliance.

• A single API integration covers eSIM provisioning, subscription management, number porting, and billing across 50+ countries, and is genuinely built for developers: full documentation, dozens of webhooks, code samples, and automated testing mean engineering teams can move fast without needing in-house telecom expertise.

• Gigs Connect lets teams run fast proof-of-concepts and test market propositions in days with no engineering lift, and Connect Sessions provide pre-built, stress-tested code modules from the signup and checkout flow that make the full API integration faster and the resulting UX seamless.

• MNO-native network partnerships, including AT&T in the US and Vodafone in the UK, mean users get production-grade 5G, not a throttled resold product.

• Gigs Payments recovers approximately 70% of failed payments through automated retry logic, directly protecting subscription revenue.

• Every partner benefits from the accumulated launch experience of every fintech that has built on Gigs before them.

What is OXIO?

OXIO enables companies to build and operate MVNOs through its BrandVNO portal and API. It lists AT&T Mexico, Verizon, and Telcel as network partners, and its platform includes a no-code dashboard, a business intelligence layer called BrandIQ, and an API for programmatic eSIM and subscription management. Notable customers include Circle K Mexico, which launched a private-label mobile service called Mi Contigo on the platform, and Billpocket, a financial POS technology company. OXIO was named a Future Digital Awards Telco Innovation winner in January 2026.

BrandIQ is OXIO's network-level business intelligence layer. It surfaces subscriber behavioral signals including movement patterns, app usage, competitive activity, and churn risk directly from the network. For fintechs in Latin America exploring data-enriched credit models, BrandIQ is worth reviewing. For fintechs focused on building a consumer mobile product with strong unit economics and fast time to revenue, Gigs' operational dashboard paired with your existing user data delivers more immediate business value.

Where OXIO has limitations for fintechs:

• OXIO's consumer mobile footprint is concentrated in Latin America, primarily Mexico, limiting its relevance for fintechs with global or multi-market user bases.

• Its carrier relationships for US domestic consumer phone plans are less clearly documented than platforms with direct MNO partnerships.

• OXIO does not publish a time-to-launch timeline, making it harder to plan around speed to revenue.

• The depth of consumer mobile features, including number porting, voicemail, and eSIM activation flows, is less publicly documented than platforms purpose-built for high-volume consumer telecom.

• Notable fintech customers are unnamed in OXIO's public case studies, making independent due diligence harder to complete.

• OXIO's API documentation is not publicly accessible; current customers must request an API password from the product team, meaning engineering teams cannot self-serve, evaluate, or test the integration before committing.

Where Gigs Goes Above and Beyond for Fintechs

Coverage breadth. The global MVNO market reached $83.5 billion in 2024 and is forecast to hit $142.9 billion by 2033, growing at a 6.14% CAGR, according to IMARC Group. Fintechs capturing that growth are not launching in a single market. Gigs supports 50+ countries for domestic eSIM and phone plans from a single API integration. OXIO's documented consumer mobile footprint is concentrated in Latin America.

Consumer-grade network quality. Gigs is MNO-native: for example US plans run directly on AT&T's production-grade infrastructure. According to GSMA Intelligence's mobile economy report, network performance and reliability rank among the top reasons consumers switch carriers. The Gigs-AT&T partnership delivers premium 5G without throttling, at roughly half the retail price of the major carriers.

eSIM depth and activation speed. Gigs handles eSIM provisioning across 195+ countries, with one-tap installation for iOS users inside your existing app. ABI Research projects eSIM shipments to grow significantly through 2030. The platforms that deliver the smoothest eSIM activation flows will earn the highest conversion rates.

Billing built for scale. Gigs Payments is PCI-compliant, supports 200+ currencies, and recovers approximately 70% of failed payments through automated retry logic and ML fraud detection. For a subscription product at scale, that recovery rate is a direct revenue multiplier.

Developer experience built for software teams. The Gigs API is fully public: any developer can read the documentation, explore the sandbox, and write a first API call before ever speaking to a sales team. Full documentation, dozens of webhooks, code samples, and automated testing mean engineering teams can build with telecom the same way they build with any modern SaaS API. OXIO's API documentation is gated; engineering teams must request access from the product team before they can evaluate the integration.

Proven track record. Klarna, Nubank, Revolut, Sezzle, Lendable, LATAM Airlines, and NETGEAR all built on Gigs. That is not a coincidence.

The Bottom Line

OXIO is a real platform with real customers and real innovation in its market. Its BrandIQ intelligence layer is genuinely differentiated for Latin American operators. If your primary use case is Mexico, the BrandVNO portal and multi-carrier network are worth a serious look.

For fintechs and software platforms building for a global user base in 2026, the evidence points clearly in one direction. Gigs is the connectivity OS with the broadest geographic reach, the deepest consumer mobile feature set, and a proven track record with the most demanding tech companies in the world. You own the brand, the user relationship, and the revenue. Gigs handles everything underneath.

Fintechs and software platforms evaluating embedded connectivity partners can learn more about Gigs, request a demo, and review technical documentation at gigs.com.

See also: The Fintech Guide to Selecting an MVNE: Gigs vs. 1Global

Sources: IMARC Group, Mobile Virtual Network Operator Market Size and Forecast (2025-2033) | McKinsey, Experience-led growth: A new way to create value | GSMA Intelligence, Mobile Economy 2024 | ABI Research, eSIM Market Shipments, 2025 to 2030 | Gigs and AT&T partnership announcement, September 2025 | OXIO Future Digital Awards, January 2026 | gigs.com