Standard Bank Mobile is getting a bit more mobile as the platform has now added smartphones to the mix. Now the financial institution has not made its own phone, but instead is making devices available to purchase via its online portal.
Like most local operators, smartphones on offer are available to finance over a 24 month period, with consumers able to use their Standard Bank credit card accounts to do so. The institution adds that a special interest rate of 11 percent per annum will apply, with the ability to request a limit increase too.
“This convenient alternative to securing a 24-month contract with a Mobile Network Operator will also enable Standard Bank customers to enjoy the benefit of free voice and data to the value of their monthly banking fees,” the bank noted regarding the new announcement.
It is also throwing in a few added extras to help sweeten the deal and make it more enticing for prospective customers. To that end Standard Bank Mobile is offering up to a 10 percent discount on handsets, as well as free voice and data to the value of a customer’s monthly account fees. There is 1MB on offer for every R10 card swipe, along with Ucount tiered points and up to 2GB of free data.
At the time of writing there are nine devices listed on the Standard Bank Mobile portal, with the iPhone XS being the highlight. Hopefully though we should be getting more flagship and newer devices from the likes of Huawei and Samsung, with premium mid-range devices listed only from both manufacturers for now.
What is in the offing though, is more flexible contract options, such 12 or 36 months. Standard Bank Mobile is also said to be working on insurance options for handsets.
“Our integrated propositions support and reward customers by ensuring that we offer the most comprehensive and affordable mobile experience on the market. Our customers get rewarded for carrying on with their daily lives, be it grocery purchases, fuel, stationary or school fees,” explains Stephen Bailey, Standard Bank Mobile CEO, about the service.
“We are significantly enhancing the value that our customers receive based on the choices that they make, and rewarding them with real connectivity, value and superior banking and mobile services. Our customers are at the heart of everything we do, and we want to make sure that they are connected when they do so,” he concludes.