Discovery Bank clocks over 540K accounts
The digital bank says it is managing the growing customer and transactional volumes well and proved stable over the 2020 year-end period.
TymeBank to provide ‘buy now, pay later’ credit offerings
After securing a R1.6 billion funding deal, the digital bank is on a business development drive to introduce insurance and credit offerings.
TymeBank plans offshore expansion after scoring R1.6bn funding
The digital-only bank adds new board members and explores international opportunities after securing R1.6 billion in funding from investors in the UK and Philippines.
Bank Zero’s public launch hits snag amid COVID-19 interruptions
The digital-only newcomer delays its public launch and opts to run a “closed rollout” as a risk mitigation measure, amid the COVID-19 upheaval.
Patrice Motesepe’s TymeBank, Rain face COVID-19 hiccups
While Rain experienced faced certain ‘customer service challenges’ during the period, TymeBabk is tracking slightly behind its projections to attract clients.
TymeBank introduces secure contactless card payments
The digital-only bank teams up with augmented identity firm IDEMIA, to offer customers authenticated and contactless card payment services.
Bank Zero introduces pricing guide, promises financial freedom
The digital-only bank bills itself as the first bank in SA to charge zero fees for EFT payments and the first to offer free debit order services.
TymeBank, UAE-based payments firm team up to target SMEs
The digital bank signs a co-operation agreement with Network International, which will empower small and micro businesses to accept card payments.
SARB grants Bank Zero forex exchange licence
SA’s newest digital-only bank, Bank Zero, is appointed as a restricted authorised dealer in forex exchange by the South African Reserve Bank.
Bank Zero on track for 2020 launch, says CEO
South Africa’s latest digital-only bank confirms it will be open to the public before the end of the year, with financial backing from seven investors.
TymeBank in bancassurance deal with Hollard
The digital bank ties up with local insurance giant Hollard to offer customers funeral policy plans without any paperwork needed.