Digital newcomer Discovery Bank nears 500K customers
The digital bank says it has 489 000 clients as of 13 September, versus 370 000 accounts at the end of June.
TymeBank gets R750m lifeline as COVID-19 disrupts plans
African Rainbow Capital injected R750 million in TymeBank in the last financial year ended June, a tough period for the relatively new digital bank.
TymeBank reaches new high, adds fast mode of transaction
The new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.
TymeBank, Discovery Bank see customer gains during lockdown
The digital banks report an upswing in on-boarding new customers, as more consumers look to branchless banking channels for their financial services.
Discovery Bank adds new customers despite COVID-19 setback
The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.
Motsepe’s TymeBank adds finance heavyweight to its board
The digital bank announces the appointment of Karabo Morule as its new independent non-executive director.