STANDARD BANK CONNECT ANNOUNCES THE LAUNCH OF E-SIM TO DRIVE NEXT PHASE OF GROWTH
Standard Bank Connect has introduced eSIM as part of its continued expansion, enabling customers to seamlessly manage multiple mobile plans on a single device without a physical SIM card.
The Mobile Virtual Network Operator (MVNO), owned by Africa’s largest bank by assets, has been expanding its offering beyond traditional connectivity. In early 2025, Standard Bank Connect relaunched device financing on flexible terms, driving increased adoption of bundled mobile and digital services.
The eSIM service is available on existing mobile plans, with prepaid eSIM options expected to follow.
An eSIM is a digital SIM embedded directly into compatible smartphones and devices. It allows customers to activate mobile services digitally and store multiple profiles on a single device, making it easier to switch between numbers or plans.
More than just another product
“While eSIM technology is not new, delivering it through a trusted banking platform unlocks additional value for customers, from enhanced security and protection to seamless integration with their financial and lifestyle needs,” said SB Connect Executive Head, Kartik Mistry.
He explained that by embedding connectivity into how customers bank, spend, and travel, Standard Bank Connect will be able to deliver greater value and engagement beyond traditional telecom services. The introduction of eSIM is expected to accelerate this trend.
Why Now?
Standard Bank Connect’s eSIM launch aligns with growing demand for flexible mobile solutions. Many consumers now use multiple SIM cards to separate work and personal usage, optimise data costs, or improve network coverage. Industry estimates suggest that a large majority of mobile users in South Africa actively use more than one SIM.
“The continued shift toward multi-sim usage underpins our expansion into eSIM. Our ambition is to see eSIM become a meaningful share of our customer base by the end of 2026,” says Mistry.
This builds on strong momentum since the business rebranded from Standard Bank Mobile in June 2024. The MVNO now serves more than 350,000 subscribers and continues to deliver solid year-on-year growth.
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