Vodacom has secured a licence from the Financial Services Board (FSB) to begin selling insurance products directly to its customers as it seeks to broaden its portfolio and expand its revenue streams in a maturing mobile market. There are few details available for now, but TechCentral has established that the cellular network operator intends ......
Not going to talk about much but 1 week ago I read this article talking about Vodacom, South African Telco have secure license from the Financial Services Board to begin selling insurance products directly to its customers.
They are not the only one. Rogers Communications in Canada is also filling papers to start a bank.
With so much of the economy riding on their infrastructure, the telecom think they can do more. Monetize the customers, the suppliers but mobile payment would be the lucrative one.
Don’t be surprise if Starhub, M1 and Singtel start doing this.