Telkom says it has signed a collaboration agreement with Absa which will see the bank’s customers receive cash rewards when subscribing to selected ADSL Telkom contracts, and purchasing Telkom mobile prepaid airtime.
Absa offers 7% cash rewards when purchasing Telkom Mobile prepaid airtime through Absa Online, Absa ATMs and Absa Mobile Banking.
The bank also offers a 7% cash reward monthly when its customers subscribe to Telkom’s ADSL contracts including the Telkom Simple R399 package and the Telkom Simple Uncapped R514 package.
“Growing our channel footprint is key to Telkom’s strategy to increase market reach and provide convenience and easy access to our products and services.”
“We believe that the Absa rewards platform is a source of quality customers and that their loyalty will give us a long tenure,” said Manelisa Mavuso, Telkom’s MD for consumer services and retail in a statement on Monday (4 November).
The Absa Rewards programme differentiates itself from other bank rewards initiatives by offering customers real cash back for simply swiping any Absa card at points-of-sale.
Head of Absa Retail Bank Arrie Rautenbach said: “This exclusive offer provides added incentive to approximately 1.35 million of our Absa Rewards members through a guaranteed monthly saving in cash rewards when subscribing to selected ADSL Telkom contracts, and even greater savings when purchasing Telkom mobile prepaid airtime through any one of Absa’s digital banking channels.”