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Standard Bank’s MVNO service has attracted over 300,000 mobile customers, offering significant value with bank fees converted into Airtime based on customer engagement with bank products and services. (Image source: Adobe Stock)

Standard Bank has unveiled a collaboration with MTN to launch a new Mobile Virtual Network Operator (MVNO), enhancing coverage for its customers in South Africa

Under the bank’s telecommunications strategy, the service previously known as Standard Bank Mobile will be rebranded to Standard Bank Connect, featuring fresh data and voice packages. “We are excited to collaborate with MTN and the opportunity to provide our customers with a range of newly differentiated mobile plans. The transition will be gradual, where we invite our customers to join us on our pilot program, helping us to build meaningful services together and experiencing Standard Bank on MTN’s wide network,” stated Kartik Mistry, executive head of Standard Bank MVNO.

Enhanced connectivity solutions

Since its inception in 2018, Standard Bank’s MVNO service has attracted over 300,000 mobile customers, offering significant value with bank fees converted into Airtime based on customer engagement with bank products and services.

“Consistently voted SA’s Best Network, MTN is delighted to partner with Standard Bank, a trusted brand in South Africa and across the African continent. Our aim is to create shared value by placing our partners at the centre of all we do whilst for fulfilling our vision that everyone deserves the benefits of a modern, connected life. To this end we are committed to providing a proven, quality digital network and affordable mobile and network solutions,” expressed Quintus de Beer, Chief wholesale officer at MTN South Africa.

Standard Bank has introduced two primary connectivity packages to further its mission of connecting communities: the Connected Circle and the Connected Gigs Plans. The Connected Circle Plans are designed for customers who need both voice and data services, with tiers such as Connected Circle Starter, Lite, Plus, and Pro. These plans offer unlimited calls to certain community numbers and come with bundled data, enhancing connectivity flexibility.

The Connected Gigs Plans are tailored for those prioritising data, presenting substantial data packages at attractive rates. These plans also allow the purchase of airtime for voice and SMS.

Adding to the customer benefits, selected Connected Circle and Connected Gigs plans include up to 50% monthly discounts on tech accessories, thanks to Standard Bank’s collaboration with Dress Your Tech.

“Standard Bank Connect represents a significant step forward in our commitment to providing our customers with end-to-end connectivity solutions that are tailored to offer more simplicity, more value and greater flexibility,” Mistry highlighted. 

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