Discovery Bank reaches million accounts milestone
The digital-only bank sees strong growth in the two years since launch, with over 450 000 clients.
TymeBank sets October for Philippines debut
The digital bank is set to launch GOtyme in the Philippines in October, to fire up its global expansion plans.
Leadership changes at Tymebank as it nears 5m customers
Coen Jonker is named TymeBank CEO, while Tauriq Keraan is appointed as the group’s executive for growth projects.
Banking Ombudsman sees rocketing internet-related complaints
Technical glitches and online banking fraud complaints top the list of consumer complaints received.
Rain on track to exceed budgeted R1bn EBITDA
Demand for products remains strong, even as COVID-19 restrictions are relaxed, says African Rainbow Capital.
TymeBank rolls out medical insurance product, hits 4.5m customers
The digital-only bank partners with the National HealthCare Group to provide in-app medical insurance solutions to its millions of customers.
Discovery Bank attracts R9.5bn retail deposits
The digital bank reached a turning point at the end of last year and expects to break even in 2024.
TymeBank debuts Visa credit card
The digital-only bank introduces its first credit card facility, as part of its product expansion plans.
Pick n Pay offers online vehicle licence renewal in 500 stores
After a successful pilot programme, Pick n Pay’s electronic vehicle licence disc renewal service is available nationally.
Digital banks charge customers less, research shows
Transactions that cost R99 to R143 at traditional banks cost R21.50 at TymeBank, or R25 at Bank Zero, Solidarity Research Institute’s latest bank charges study finds.
Tencent, CDC acquire R1.1bn stake in TymeBank
The capital raised will fund and grow TymeBank in SA and also fund GOTyme in the Philippines, where it has secured a digital bank licence.