FNB set to launch its own mobile network

[rpm]

FNB set to launch its own mobile network

FNB is expected to unveil its plans to launch its own virtual mobile network, according to a number of independent sources.

 

[MrR]

Are they becoming a jack of all trades business?

Is it a bank? Is it an online vendor? Is it a....

 

[Mike Hoxbig]

Are they becoming a jack of all trades business?

Is it a bank? Is it an online vendor? Is it a....

Who cares if they're doing a good job at it? Their banking alone is better than most, so it's not like they have to improve on their core business...

 

[Compton_effect]

Right. Wtf is a 'virtual mobile network'?
Never mind - looks like its a term for using Cell C.
Pass.

 

[Creag]

Agree with Mike. In recent times FNB have excelled in many of services they offer, so we can expect more of the same. I still want to see where the benefits will be to FNB account holders. Will there be any benefits from this synergy?

 

[medicnick83]

I honestly don't think this is a good idea, they must stick with what they know and concentrate on THAT.

 

[iDOL]

I honestly don't think this is a good idea, they must stick with what they know and concentrate on THAT.

They run independent business units, so the focus on one does not necessarily affect the performance of the others.

 

[CuppaJoe]

Right. Wtf is a 'virtual mobile network'?
Never mind - looks like its a term for using Cell C.
Pass.

Yes, it is when a company launches their mobile network using another provider's infrastructure.

 

[CamiKaze]

I personally think that it is a good idea. Having this in-house is the way to go as mobile banking will be overtaking internet banking by the end of the decade, says Monitise.

This will help reduce M-Banking fraud as well and banks and Service Providers won't play the blame game when SIM swaps occur as one of the steps for fraud.

 

[medicnick83]

They run independent business units, so the focus on one does not necessarily affect the performance of the others.

But when 1 messes up or has issues, you associate that with the bigger daddy which is FNB.

It's a bank, stay a bank.

 

[Mike Hoxbig]

But when 1 messes up or has issues, you associate that with the bigger daddy which is FNB.

It's a bank, stay a bank.

Is there anything wrong with their banking service? If not, then what is the problem?

 

[medicnick83]

Is there anything wrong with their banking service? If not, then what is the problem?

Nothing wrong with the banking.
But my point is, if there is a issue with the ADSL, then people will think the same thing will happen with the banking side.
Issue here... well, then there will be issues THERE type deal.

 

[RogueTr00per]

But when 1 messes up or has issues, you associate that with the bigger daddy which is FNB.

It's a bank, stay a bank.

True, but it's also a two way street in terms of there is potential good will/free advertising for FNB if the other business units do a good job.

 

[iDOL]

But when 1 messes up or has issues, you associate that with the bigger daddy which is FNB.

It's a bank, stay a bank.

Bud please go share those sentiments with Apple and so many others that should never have bothered to go into fields where they don't belong.

Or the largest Medical Aid administration company and Adrian Gore when he started it up as part of a project within First Rand Group.

Please continue...

 

[SauRoNZA]

Right. Wtf is a 'virtual mobile network'?
Never mind - looks like its a term for using Cell C.
Pass.

Much like Red Bull Mobile or Virgin Money.