SA’s mobile virtual network operator market races ahead as Africa struggles to turn licences into growth, Africa Analysis reveals.
As customers increasingly judge providers by total connectivity experience, they will favour those with reliable access and relationship strength.
South Africa’s MVNO market will reach approximately 14.4 million MVNO SIMs by 2030, says Africa Analysis.
Nearly two years after its launch, FNB Connect’s eSIM offering now makes up 10% of the mobile virtual network operator’s sales volumes.
The big-four bank’s mobile offering now has one million active subscribers under its umbrella.
The big-four bank’s digitally-active customers grow to 7.78 million, as the financial services reaches the 10 million customer mark.
The eSIM adoption curve will spike as entry-level devices start to come into the market, says FNB Connect CEO Sashin Sookroo.
With Telkom and Melon Mobile the latest to enter the market, mobile virtual network enablement platform providers in SA doubled over the past two years.
With its customer base’s high digital adoption rate, FNB’s CEO says it will maintain its digital investments, including mobile USSD.
The big-four bank’s MVNO rolls out an eSIM offering, as the number of customers with eSIM-enabled smartphones spikes.
MVNOs are seeing renewed interest across the industry, emerging as primary engines of market growth, says BMIT.
The banking tech company appoints the former MTN fintech and FNB Connect CEO as chief of payments partnerships.
ITWeb TV: FNB to introduce GenAI agents for banking app | Ep #46
In this wide-ranging interview, Dr Christoph Nieuwoudt, FNB chief data and analytics officer, speaks to ITWeb news editor Admire Moyo about how the big-four bank is innovating with generative AI. As the bank increasingly leverages generative AI, Dr Nieuwoudt also discusses FNB’s plans to recruit more data analysts from the bank’s graduate programme in a move aimed at building solutions from the emerging technology. #itwebtv #fnb #genai