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.
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.
TymeBank signs up 4 000 new customers per day
The digital bank now has 1.4 million customers, of which 700 000 are active bank accounts
Discovery Bank disburses over R1bn in credit
The bank’s half-year results show total credit card spend was R2.6 billion and total credit limits granted sat at R2.5 billion.