“This is a substantial first for the South African banking industry and we believe that FNB has set a great example not only for the financial services industry but for other ISPs,” said Lex van Wyk, CEO at Teraco Data Environments.
“The sharing of network capacity impacts on the price of connectivity, ultimately lowering bandwidth costs directly to the consumer and we are hoping other banks will understand the immense benefits of peering and follow in FNB’s footsteps,” Van Wyk added.
“We have used the opportunity for peering not only as a network efficiency measure, but have passed on the savings and benefits directly to our existing clients as a value added service,” Roper said.
According to Van Wyk, since the initial introduction of route servers by NAPAfrica early in 2012 there has been an overall reduction in ISP operating costs in the South African market through the simplification of the peering process.
Route servers lower the barrier to entry for African ISPs, such as FNB Connect, Van Wyk said, adding that with one connection all NAP members have direct access to the FNB content at no charge.
Van Wyk said that there are over 70 peers live at NAPAfrica with access to over 27 local and international carriers.