Simple is a no fees bank that is part of the BBVA Group. In contrast with traditional consumer banks, Simple has no physical branches. Instead, account-holders are issued Visa debit cards and have access to an online banking system accessible through Simple.com or mobile apps for Android or iOS. Simple earns revenue by collecting interest on customer deposits and through the collection of interchange fees.
Project Fi is a mobile virtual network operator by Google, providing phone, messaging and data services using both Wi-Fi and cellular networks belonging to Sprint, T-Mobile, U.S. Cellular, and Three (U.K.). The service was launched on April 22, 2015, for the Nexus 6 through invitations only. The invitation system was dropped in March 2016, and support for additional devices, including the Pixel and Pixel XL smartphones, was introduced in October 2016.