The financial and commercial service Standard Bank Mobile has extended its service offering to allow customers to purchase Apple, Samsung and Huawei smartphone devices.
The bank said that consumers can purchase a smartphone, while financing the device over 24 months using an extended payment facility on Standard Bank credit card accounts. This facility is offered at an interest rate of 11% per annum.
Customers can call in to request a limit increase if required.
The bank noted that, “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 stated it has integrated several benefits into the Standard Bank Mobile operating structure that include:
*10% discount on handsets
*Free voice and data to the value of a customer’s monthly account fees
*1MB of data for every R10 swipe
*Ucount tiered points and up to 2GB of free data
Commenting on this initiative, Standard Bank Mobile CEO, Stephen Bailey said: “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.”
Standard Bank added that, mobile division will also introduce flexible payment options – 12 to 36 month contract structures, and handset insurance options in the near term.