The digital bank, which launched today, has signed up 80 000 customers and saw transactions worth R10 million in a day.

Customers will be able to open a TymeBank account across 500 Pick n Pay and Boxer stores from next week.

The digital bank wants to shake up SA's banking sector by opening hundreds of kiosks at Pick n Pay and Boxer stores.

Armed with low-cost operating models, three digital banks bet on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers.