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

      Analysis | Rain muddies the waters with approach to Telkom

      11 August 2022

      Rain wants to merge with Telkom: asks to pitch proposal to board

      11 August 2022

      Rain lashed by Takeover Regulation Panel over Telkom statement

      11 August 2022

      Largest SA telecoms operators launch new industry association

      11 August 2022

      MTN shares climb on robust Nigeria, SA performance

      11 August 2022
    • World

      Gaming industry’s fortunes fade as pandemic ends

      11 August 2022

      Disney tops Netflix in streaming subscribers

      11 August 2022

      Jumia says it’s past peak losses, shares jump

      10 August 2022

      Elon Musk sells $6.9-billion of Tesla to avoid Twitter fire sale

      10 August 2022

      Nvidia issues profit warning on slump in demand for graphics cards

      8 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

      SIU seeks to set aside R215-million IT tender

      19 July 2022

      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
    • Company Hubs
      • 1-grid
      • 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»News»Vodacom gets a licence to sell insurance

    Vodacom gets a licence to sell insurance

    News By Editor20 December 2011
    Facebook Twitter LinkedIn WhatsApp Telegram Email

    Vodacom has secured a licence from the Financial Services Board (FSB) to begin selling insurance products directly to its customers as it seeks to broaden its portfolio and expand its revenue streams in a maturing mobile market.

    There are few details available for now, but TechCentral has established that the cellular network operator intends to begin selling insurance products much more aggressively in the first quarter of 2012. It already has a limited portfolio of options available that includes insurance for phones, tablets and laptops.

    Vodacom spokesman Richard Boorman confirms that the FSB recently granted the company a licence that will allow it sell insurance products directly to consumers rather than working through an intermediary. Until now, it has supplied insurance products through a division of Santam.

    “The key reason for applying for the licence is to give us more control and flexibility when it comes to insurance services,” says Boorman. “We don’t have any specific new products or services to announce at this stage.”

    Vodacom’s insurance team reports to its head of financial services, Mark Taylor, who is responsible for, among other things, Vodacom’s M-Pesa mobile transactions platform, which it launched last year in partnership with Nedbank.

    In an interview with TechCentral in May, Vodacom Group CEO Pieter Uys said the company might seek its own banking licence from SA regulators if M-Pesa took off in the way it expects it will in the next few years.

    He said Vodacom had decided to work with a bank to launch the service because it realised it could not launch it in the timeframe it had set itself without a partner. “We have a good partnership with Nedbank, [but we want to] start opening it up so you can transact with other banks,” he said at the time.  — Duncan McLeod, TechCentral

    • Subscribe to our free daily newsletter
    • Follow us on Twitter or on Google+ or on Facebook
    • Visit our sister website, SportsCentral (still in beta)
    M-Pesa Mark Taylor Nedbank Pieter Uys Richard Boorman Santam Vodacom
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleApple iPhone 4S review: ‘Hello, Siri’
    Next Article SA Newsmakers of the Year – the top five

    Related Posts

    Analysis | Rain muddies the waters with approach to Telkom

    11 August 2022

    Rain wants to merge with Telkom: asks to pitch proposal to board

    11 August 2022

    Rain lashed by Takeover Regulation Panel over Telkom statement

    11 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Pricing Beyond CMYK: printers answer the FAQs

    11 August 2022

    How secure is your cloud?

    10 August 2022

    5 ways to make attack-path management more manageable

    10 August 2022
    Opinion

    SIU seeks to set aside R215-million IT tender

    19 July 2022

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

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 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.