Capitec aims to disrupt mobile market with data that doesn’t expire

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At R4.50 per 100MB the bank says its rate is ‘on average 50% below’ the rest of the market. Moneyweb telecoms Capitec

Capitec has taken the wraps off its own mobile virtual network operator – Capitec Connect, which uses the Cell C network, which itself roams on MTN. The fact that its data never expires – provided the SIM card is used at least once every six months – is likely to upend the market. Operators traditionally sell data bundles with validity of up to 30 days.

We want to help create opportunity for everyone to be able to connect with access to affordable data and digital banking anywhere, anytime.” Forerunners The entry makes Capitec the third bank to launch an MNVO, following FNB and Standard Bank . Both of these use Cell C’s network. Retailer TFG launched its own MVNO , which piggybacks on MTN, this month. Although marketing it to customers, it has not officially announced the proposition.

 

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