O2 Money to launch with heavyweight campaign

O2 is planning to enter the financial services market under the brand O2 Money and will launch a heavyweight marketing campaign in support of the initiative.

O2 Money

O2 Money is partnering with Natwest and will launch two fee-free, pre-paid Visa cards in August. They will be offered to O2 customers, who will receive free texts after every transaction informing them of their balance.

The Cash Manager card is aimed at adults who want to keep an eye on what they spend. Load & Go is aimed at younger people, and teenagers from the age of 13 will be able to register for the card. Parents will be informed of the application and transactions on certain websites such gambling will be banned.

Online tools are also being developed that will allow card users to analyse their spending.

An advertising campaign that will include television and cinema activity will promote the Cash Manager card. Direct marketing will also be used to promote the product to O2 customers, as well as an online campaign. A viral campaign will also be launched to promote the Load &?Go card.

Alistair Johnston, marketing director for O2, says the campaign will be “stretching the O2 visual identity and brand, taking it a bit further to show its entrance into financial services”.

A partnership deal with Hollyoaks, which O2 claims is a UK first, will see the brand produce contextual ads using the scripts from the TV show.

O2 UK chief executive Ronan Dunne says: “O2 Money will represent a launch-pad into a wide range of mobile banking services.”

The business hopes the cards will encourage greater loyalty to the brand and promote the “synergies between mobile and money”.

Agencies behind the marketing campaign include VCCP, PR company Blue Rubicon and online digital agency Agency Republic.

Latest from Marketing Week

PLEASE SIGN IN OR REGISTER. IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now

THE BEST CONTENT

Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here