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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.


Discovery Bank intros slew of digital, fintech innovations

The digital bank announces new digital and fintech innovations at its annual product-update event with financial advisers.

Sep 2, 2021

Discovery Bank records R1bn loss in year-end results

Despite the loss, the digital bank says it expanded its existing client base and is achieving 500 average daily new-to-bank sales.

Aug 10, 2021

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.

Apr 1, 2021

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.

Mar 30, 2021

Apple Pay finally comes to SA

Absa, Discovery Bank and Nedbank clients are the first to get the digital wallet service in the country. 

Feb 25, 2021

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.

Dec 10, 2020

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.

Nov 26, 2020

Discovery Bank introduces virtual card, contactless payment

The digital-only bank becomes the latest financial institution to introduce a virtual bank card to offer clients safety and convenience for transactions.

Nov 9, 2020

South African banks snub social media conversations

In the new Banking Sentiment Index, Nedbank and African Bank emerge as the most responsive, while Discovery Bank is the worst at responding to customer queries.

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 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.

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