Bank Zero is ‘now fully open for business’
SA’s newest digital bank experiences rapid uptake in customer sign-ups and steady growth in card transactions since launch in August.
Discovery Bank’s R1bn loss in line with expectations, says CEO
The Discovery Health-owned bank continues to invest heavily to reach long-term growth projections, says Discovery Bank CEO Hylton Kallner.
Bank Zero finally launches after numerous hiccups
After being forced to push out its public launch on numerous occasions, SA’s latest digital-only bank opens to the public, offering a list of zero-fee services.
Discovery Bank appoints Reuel Khoza as chairperson
Effective today, the celebrated businessman is chairperson of Discovery Bank, replacing Adrian Gore, who remains a director of the bank.
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.
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.
Hylton Kallner appointed new Discovery Bank CEO
The digital-only bank appoints Hylton Kallner to replace Barry Hore, at a time the digital bank has completed its build and migration phase.
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.
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.
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.