Sberbank to launch MVNO for mobile banking

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Sberbank to launch MVNO for mobile banking
Sberbank to launch MVNO for mobile banking

Sberbank, the Russian bank, has founded a new subsidiary – SB-Telecom – which will act as an MVNO, reports Vedomosti.

The new company will provide telecommunications services for companies within

Sberbank to launch MVNO for mobile banking
Sberbank to launch MVNO for mobile banking

the Sberbank group, as well as for customers of the group. The new company hasn’t yet received any licences from the federal telecommunications regulator Roskomnadzor.

SB-Telecom has total equity of RUB 100 million. It is owned by Sberbank indirectly, via companies Digital Assets and Digital Technologies.

Sberbank has negotiated with several mobile operators on the launch of MVNO from 2015. Tele2 Russia and MTS have been mentioned by sources in the market as potential partners. Sberbank serves 127 million private persons across the country. The launch of the MVNO could help the bank with security issues related to its own services and to SMS-dissemination.