Banking group First National Bank (FNB) says it has more than doubled the number of subscribers for its mobile network service over the past five months.
According to Shadrack Palmer, chief commercial officer of FNB Connect, the company now has more than 200,000 subscribers, having launched less than a year ago, in June 2015.
The company said in November that it had reached 100,000 active SIMs on its mobile network service.
“75% of the new SIMs are prepaid and 25% are post-paid, and 40% of customers fall within the 26-35 age,” Palmer said at the time.
FNB said on Tuesday that it has been awarded the Most Innovative MVNO at the 15th Annual World MVNO Congress 2016, held in Amsterdam this month.
FNB switched on LTE services on all Connect SIMs on Tuesday 19th April. FNB Connect is a mobile virtual network operator (MVNO) that rides on Cell C’s network.
“We are extremely excited with the growth of FNB Connect and are looking forward to announcing more innovative services which bring convenience to our customers,” said Palmer.