Business and Technology

This is how Telkom is planning to offer financial services

Telkom is entering the financial services market. It’s targetting over 11 million South Africans who do not have bank accounts.

Its fixed-line service will remain the core of the business.

That business currently contributes over 20 percent of the group’s revenue. In 2013, it contributed over 50 percent.

Telkom

The partly state-owned enterprise will offer business loans and digital wallet services.

A few weeks ago, Telkom transformed its 70-year-old Yellow Pages business into an online marketplace targeting SMEs which it named Yep.

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Source: eNCA