MTN South Africa is pushing deeper into financial services, offering funeral cover to South African consumers.
is pushing deeper into financial services, announcing on Thursday that it will offer “budget-friendly” funeral cover to South African consumers.
“Under its new Khava brand, MTN’s prepaid funeral insurance is the first of a range of insurance products designed for the local market, it said. MyMTN Prepaid Funeral Khava will cost from R75/year, the telecommunications operator said.. The service “onboarding” process is done through WhatsApp, while collections and claims payments utilise MTN’s Mobile Money platform.
Telecoms operators in South Africa, including MTN and rivals Vodacom and Telkom, have begun pushing aggressively into financial services in recent years as they look to broaden their revenue mix beyond voice and data products, where margins are under pressure. –
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MTN, Vodacom, Cell C weigh in on 5G in South AfricaMyBroadband asked South African mobile network operators about their 5G network plans.
Read more »
South Africa’s new rules for sharing content on Facebook and WhatsAppThe new regulations aim to prevent online harm and provide guidance for peer-to-peer content sharing in South Africa.
Read more »
Africa Fact of the Day: Africa's highest national debt burdensAfrica Fact of the Day features the most wonderful and weird facts about the history and culture of the African Continent.
Read more »