11 June 2021 - 10:00Operating a MVNO enables the bank to package connectivity with their digital services, at a very low cost or even for free. Picture: SUPPLIED/STANDARD BANK
The need for online communication, streaming and education has lifted demand for mobile virtual network operators . Various companies across sectors, including financial services, are collaborating with network providers to unlock added value for customers, and to enable connectivity to digitised services.MVNOs are companies that do not own a mobile network but rent capacity on an existing network instead.
Another reason MVNOs make sense for companies is their focus on personalisation. The large mobile operators generally offer one-size-fits-all packages. While some may be satisfied with a generic plan, an increasing number of people want something that is tailored to their specific needs. This is because we understand that everyone needs to bank and be connected to participate in an increasingly interconnected world where we are consuming huge amounts of data. In the past 18 months, the number of customers making use of Standard Bank’s Mobile Money offering has trebled.receiving your monthly bank fee back in airtime;op to 2GB free data each month if you’re a member of the UCount Rewards programme.
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