The bank’s mobile virtual network operator sells 8 000 new SIM cards on a weekly basis, it says.
This was revealed on Friday by Dr Dalene Steyn , head of Capitec Connect , when the bank hosted its Capitec Tech Day in Cape Town.
The bank’s offering competes with Standard Bank and First National Bank, which introduced similar services locally several years ago. “It’s great to have a business where our main goal is not to make income, but to add value to our clients. We have about 23 million clients and we are selling about R2 billion worth of airtime every month. Most of our subscribers are from our client base. The customers visit our 900 branches where they get Capitec Connect.
“Since we launched, all our data bundles don’t expire but some of our clients are saying if our product becomes more affordable, they will be happy if the bundles expire. In July, we introduced one-day, seven-day and 30-day data bundles. While our customers can opt for their data not expiring, they can now also buy more affordable one-day, seven-day and 30-day data bundles.
“That’s significant scale. I think what’s valuable as well is that it’s not only the data we sell, but the data we get, which involves the data strategy that Capitec has in understanding our clients better and being able to manage risk better.”
Capitec MVNO Mobile Virtual Network Operator Dr Dalene Steyn Streaming Bundles Social Bundles
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