for subscribers

In each other's territory: How banks' network operators have become a new weapon

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
FNB Connect says while it's relatively smaller in terms of customer numbers, it is here to disrupt traditional mobile operators.
Photo: FNB Connect
FNB Connect says while it's relatively smaller in terms of customer numbers, it is here to disrupt traditional mobile operators. Photo: FNB Connect

It has been five years since FNB established its own mobile virtual network operator (MVNO), FNB Connect. Since then, the lines have become blurrier between banks and mobile operators as each are increasingly making their way into areas that were traditionally reserved either for banks or network providers.

Standard Bank is another one that launched its own MVNO on the Cell C network in 2018, giving different amounts of free airtime to its customers according to the types of accounts they hold.

FNB Connect CEO Bradwin Roper said each year since its establishment, the MVNO had become more entrenched among the bank's clients, serving as a great retention strategy given its integration with FNB's eBucks rewards.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
15.43
(-0.02)
ZAR/GBP
20.51
(+0.03)
ZAR/EUR
18.25
(+0.28)
ZAR/AUD
11.22
(+0.51)
ZAR/JPY
0.15
(+0.53)
Gold
1837.30
(-1.79)
Silver
23.50
(-2.73)
Platinum
921.00
(-2.28)
Brent Crude
45.18
(0.00)
Palladium
2338.48
(+1.23)
All Share
57147.31
(+0.94)
Top 40
52478.55
(+1.08)
Financial 15
11337.90
(+0.62)
Industrial 25
79917.53
(+1.49)
Resource 10
51771.17
(+0.65)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
22% - 308 votes
No, I did not.
51% - 731 votes
My landlord refused
27% - 393 votes
Vote