TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Load shedding returns, and may last until Thursday

      16 August 2022

      Jo’burg to issue RFP for 500MW of electricity ‘within weeks’

      16 August 2022

      MTN hires outgoing Icasa CEO Willington Ngwepe into top role

      16 August 2022

      Rain in embarrassing climbdown over Telkom statement

      16 August 2022

      Coal miner Seriti plans R12-billion Mpumalanga wind farm

      16 August 2022
    • World

      Semiconductor boom turns to bust

      16 August 2022

      Tencent plans to offload R400-billion Meituan stake: sources

      16 August 2022

      Ether leaps higher on verge of Merge

      16 August 2022

      Institutions eye crypto but retail investors remain nervous

      15 August 2022

      Tencent woes mount, even after $560-billion selloff

      12 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Africa Data Centres
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Banking»SB Mobile: Standard Bank launches its MVNO

    SB Mobile: Standard Bank launches its MVNO

    Banking By Duncan McLeod21 November 2018
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Standard Bank has taken the wraps off Standard Bank Mobile, its new virtual mobile network operator (MVNO), which will piggyback off the Cell C network.

    The MVNO is available immediately to Standard Bank clients. Non-clients won’t be able to join the network. The launch means Standard Bank is the second retail bank in South Africa to launch an MVNO after FNB.

    The launch comes after TechCentral reported earlier this year that Standard Bank planned to launch an MVNO, despite saying a few years ago that it had decided against the idea.

    The bank has done away with data bundles, with customers able to select that price that suits them with no expiry

    The new venture is headed by Steve Bailey, a former CEO of Virgin Mobile in South Africa, who later went on to help launch a number of MVNOs, including for brands such as Mr Price.

    The “integrated”, rather than standalone offering, rewards subscription customers with free airtime and data for doing their banking. Customers also earn free data every time they use their credit, cheque or debit cards.

    The bank has done away with data bundles, with customers able to select the price that suits them, with no expiry. Data is priced from 5c/MB, up to 15c/MB. Voice calls are priced at between 49c/minute and 99c/minute, all on per-second billing. Contracts are month to month, with no long-term lock-in.

    A base subscription is R39/month (the free is waived on the most basic entry-level accounts), on top of which clients can purchase unlimited data and voice minutes (based on a sliding schedule of tariffs) as set out in the table below:

    Source: Standard bank

    Current account holders will automatically get free airtime, starting at R50 value for a Consolidator account, going up to R469 for a Signature account. Elite, Prestige, and Professional and Private account holders will get R105, R205 and R369 of airtime respectively.

    Sum(1), Student Achiever and Access credit cardholders will get 250MB or R25 of airtime a month, while Gold, Platinum, Titanium and World Citizen credit cardholders get R100/month of airtime.

    Tiered rewards

    Rewards are tiered so that every time a Standard Bank customer transacts, they get something back. 1MB of data is given back for every R10 spent.

    Though Standard Bank has entered into the MVNO agreement with Cell C (and by extension will use MTN’s network to roam outside the cities), it said it remains open to other network providers in future, especially as it adds other services and expands the offering to other markets in Africa. Bailey said the bank engaged with all South African operators. “There were varying degrees of interest, but Cell C was most ready from a technical point of view.”

    SB Mobile plans to provide handsets in the first quarter of 2019, which will be available on monthly payment plans, and to add broadband services, including fixed-LTE and fibre, soon thereafter. “The current service will provide a branded Sim card with a new number, while existing cell numbers can also be retained,” the bank said.  — (c) 2018 NewsCentral Media

    • Now read: For Cell C, MVNOs are big business
    SB Mobile Standard Bank Standard Bank Mobile Steve Bailey top
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleFor Cell C, MVNOs are now big business
    Next Article Interview: McAfee regional director Trevor Coetzee and DRS CEO Rob Brown

    Related Posts

    Load shedding returns, and may last until Thursday

    16 August 2022

    Jo’burg to issue RFP for 500MW of electricity ‘within weeks’

    16 August 2022

    MTN hires outgoing Icasa CEO Willington Ngwepe into top role

    16 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    HPE SimpliVity: addressing SMBs’ data conundrums

    16 August 2022

    Digital transformation – don’t get caught unprepared

    16 August 2022

    Seven reasons your business needs IP surveillance cameras

    15 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.