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3:20

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.

4:10

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.

2:40
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.

2:40
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.

4:10
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.

3:50
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.

3:20
Jul 28, 2020

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.

6:30
Jul 8, 2020

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.

2:30
Jun 15, 2020

Discovery Bank adds new customers despite COVID-19 setback

The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.

4:20
Mar 19, 2020

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

2:10
Feb 20, 2020

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.

3:20
Nov 13, 2019

Countdown begins for Michael Jordaan’s Bank Zero launch

The bank enters the final phase before launching next year and says it has already put safety nets on fraud and attacks.

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