The new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.

The digital banks report an upswing in on-boarding new customers, as more consumers look to branchless banking channels for their financial services.

With the new facility, customers from all South African banks will be able to deposit cash directly into their bank account at any Pick n Pay till point.

The 18-month-old South African digital bank is rated second best in the country on the Forbes list of the world’s best banks.

The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.

The digital bank announces the appointment of Karabo Morule as its new independent non-executive director.

The digital bank now has 1.4 million customers, of which 700 000 are active bank accounts

The bank’s half-year results show total credit card spend was R2.6 billion and total credit limits granted sat at R2.5 billion.

The digital bank secures a partnership with the Zion Christian Church, to offer a banking proposition to its members.

After announcing the bank’s first million customers, CEO Tauriq Keraan reveals partnerships will unlock further growth.

The digital bank has reached one million customers in first nine months since public launch, with 420 000 of them being active customers.

Nebula used OneView, its enterprise technology expense management system, to enable the operations and cost management processes at one of SA’s major banks.