M&AAustralia
CBA Offers 40% Discount on Telco Services via Yello Program
Commonwealth Bank will offer telco services at a 40% discount to members of its bank-wide loyalty program Yello (as long as they pay with a CBA card). Overnight the bank updated its mobile app so customers can check mobile usage and bills from their telco partner More. CBA has upped it's 25% stake in More from 2021 to 30% today. In that time More's grown from 70,000 customers to 250,000 with 140,000 CBA customers taking up the discounted services.