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.

Jan 25, 2021

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.

Dec 17, 2020

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.

Dec 10, 2020

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.

Oct 28, 2020

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.

Oct 21, 2020

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.

Oct 15, 2020

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.

Oct 2, 2020

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.

Sep 17, 2020

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.

Sep 17, 2020

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.

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