MTN Wins as Standard Bank Shifts to MVNO

Standard Bank, one of the Big Four banks, has announced its new mobile virtual network operator (MVNO) collaboration with MTN SA. Also, as part of its strategic telecoms path, the bank says Standard Bank Mobile will now be called Standard Bank Connect.

Additionally, the company will introduce new data and voice packages.

MTN Standard Bank Partnership

Standard Bank was launched in 2018, and has attracted over 300,000 mobile customers. These customers benefit from bank fee reimbursements in the form of airtime based on banking relationships. 

Also, the company offers two major types of connectivity packages: 

• the Connected Circle Plan
• the Connected Gigs Plan

The Connected Circle Plan caters to customers seeking both voice and data connectivity with options like Connected Circle Starter, Lite, Plus, and Pro. 

These plans equip customers to access unlimited calls to selected numbers within their community. It also includes inclusive data, promoting flexibility and changing the way we connect.

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For data-centric customers, the Connected Gigs plans offer high-value data bundles at competitive prices. Customers can also purchase airtime bundles for voice and SMS usage on these plans.

Quintus de Beer, chief wholesale officer at MTN SA, said, “MTN is delighted to partner with Standard Bank. It is a trusted brand in South Africa and across the African continent.” 

“Our aim is to create shared value by placing our partners at the center of all we do while fulfilling our vision that everyone deserves the benefits of a modern, connected life.” 

Benefits of The MTN Standard Bank Partnership

With the partnership between the two giant companies, comes more beneficial opportunities for the customers. It promises expansion and more reliable innovations from the companies. 

Kartik Mistry, head of Standard Bank Connect, said, “We are excited to collaborate with MTN. With this partnership, we have 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.”

Conclusion

Note that qualifying Connected Circle and Connected Gigs plans also include monthly discounts on tech accessories of up to 50% with Standard Bank’s partnership with Dress Your Tech.

According to Standard Bank:

• All plans are monthly. However, customers can choose to commit to their plan for three, six or 12 months for added incentives.
• Auto top-up ensures continuous data access when needed, with no expiration on topped-up data.
• For a limited time, customers can take up any plan for R1 and enjoy the full inclusive value of their plans till the first billing date. Plans can only be ordered online for now but will be available in selected branches soon.