South Africa - Standard Bank allows customers to convert bank charges into airtime or data

30 November 2018

Money Transfer

In a further development of its position as an integrated financial services organization offering exceptional value, Standard Bank is entering the market and data market with the first mobile virtual network operator (MVNO) service, Standard Bank Mobile.

Standard Bank will provide wireless communications services under its own brand - SB Mobile - and will use Cell C and MTN.

With the MVNO space fiercely competitive in SA at the time, Stephen Bailey Standard Bank Mobile CEO, says SB Mobile is offering something totally different: an integrated (rather than a stand-alone) service, which rewards customers with free data and data for doing something they do every day - bank Customers also earn money every time they use their credit, check or debit cards. We have also done away with data bundles, customers can select the data price that suits them, with no expiry. Data pricing is from 5 c per mb. Read the full article on AfricaBusiness Communities here.